Lipien Land Company Acquires 1.03 Acres Of Land In Houston From 4512 Steffani Property LLC
4506 Steffani Lane, Houston, Texas 77041, United States
Building Size
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Asset Type
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Closing
May 17, 2022
AI
The recent sale in Houston involved a land property located at 4506 & 4512 Steffani Lane. The property spans approximately 1.03 acres and was sold on 05/18/2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: N/A
- Address: 4506 & 4512 Steffani Lane, Houston
- Market: Houston
- Acres: 1.03
The buyer in this transaction was Lipien Land Company, while the seller was 4512 Steffani Property LLC. Andrew Brod from Whitebox Real Estate represented the buyer, and Paul Dominique & Tom Condon, Jr. from Colliers represented the seller.
Players
Houston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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