Three Diamond Capital Holdings Acquires 9.29 Acres Land On Cossey Road, Houston From Seller David & Melanie Talley
Cossey Road, Houston, Texas 77070, United States
Building Size
—
Asset Type
—
Closing
Jun 9, 2022
About this deal
AI
A 9.29-acre land located on Cossey Road in Houston has been sold in a recent transaction. The sale took place on June 10, 2022.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Address: Cossey Road, Houston
- Market: Houston
- ACRES: 9.29
The buyer of the property is Three Diamond Capital Holdings LLC, while the sellers are David and Melanie Talley. The buyer was represented by Jack Gaffney and Dylan Schopper from Finial Group Houston LLC. On the other hand, Tom Condon, Jr. from Colliers served as the seller's representative in the deal.
On the Map
Players
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