Minonite Investment, LLC Acquires 93.74 Acres Of Land In Richmond/Rosenberg From Colliers Brokers Chris Hutcheson, James Kadlick & Harrison Kane
Richmond, Texas, United States
Building Size
—
Asset Type
—
Closing
Jun 1, 2023
About this deal
AI
Minonite Investment, LLC has recently acquired a 93.74-acre piece of land located on FM 2977 in Richmond/Rosenberg. The property, consisting of mostly vacant land, was sold in a transaction that closed on January 6, 2023. The asset type involved in the deal was land, and it offers a significant amount of space for potential development.
Summary of transation details
- Property Type: Land
- Transaction Date: 01/06/2023
- Address: FM 2977, Richmond/Rosenberg
- Market: Richmond/Rosenberg
- Acres: 93.74
The sale was facilitated by the real estate brokerage firm Colliers, with the buyer represented by Harrison Kane, James Kadlick, and Chris Hutcheson from the same agency. These brokers played a crucial role in ensuring a successful transaction for Minonite Investment, LLC.
Players
Richmond 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