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Beltway 8 & Highway 90, Hou...

Fellow Houston Investment, LP Acquires 4.18 Acres Of Land In Houston From David Christian
SOLD

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

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.

Players

Travis Land

Partners Real Estate

Broker

20 deals

Broker

Houston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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