Montrose Automotive Center, LLC Acquires Land In Houston From Ellag, LLC
3709 Montrose Blvd, Houston, TX, USA
Building Size
—
Asset Type
—
Closing
Nov 1, 2021
About this deal
AI
A land property located at 3709 Montrose Blvd & 918 W. Alabama St in Houston has been sold in a recent transaction. The property was sold by Ellag, LLC to Montrose Automotive Center, LLC. The transaction was facilitated by Richard Ember from Leverett McNeil Associates, representing the buyer, and Cotton Munson from Davis Commercial, representing the seller.
Summary of transation details
- Property Type: Land
- Date: 11/01/2021
- Address: 3709 Montrose Blvd & 918 W. Alabama St, Houston
- Market: Houston
- Buyer: Montrose Automotive Center, LLC
- Seller: Ellag, LLC
- Buyer's Representative: Richard Ember - Leverett McNeil Associates
- Seller's Representative: Cotton Munson - Davis Commercial
This transaction marks the sale of a land property in Houston. The deal was made possible through the efforts of Richard Ember from Leverett McNeil Associates, who represented the buyer, and Cotton Munson from Davis Commercial, who represented the seller.
On the Map
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93