Fellow Houston Investment, LP Acquires 4.18 Acres Of Land In Houston From David Christian
Beltway 8 & Highway 90, Houston, Texas 77049, United States
Building Size
—
Asset Type
—
Closing
Jun 21, 2022
About this deal
AI
A 4.18-acre land located at Beltway 8 & Fellows Road in Houston was recently sold in a transaction. The sale took place on June 22, 2022, with Tom Condon, Jr. providing the image of the property.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Address: Beltway 8 & Fellows Road
- Market: Houston
- Size: 4.18 acres
Fellow Houston Investment, LP acquired the land from David Christian. The buyer was represented by Travis Land, AJ Williams, and Alisha Renshaw from NAI Partners. On the other hand, Tom Condon, Jr. represented the seller, Colliers.
On the Map
Players
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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