Fellows, LLC Acquires 9.53 Acres Of Land In Houston From Minchau Hoang With Brad LyBrand - NewQuest Properties Representing The Buyer
Fellows Rd & Del Papa Street, Southwest Houston, TX, USA
Building Size
415,127 SF
Asset Type
—
Closing
Jul 17, 2021
AI
A 9.53-acre land located at Fellows Rd & Del Papa St in Houston has been sold. The transaction took place on July 18, 2021. The seller, Minchau Hoang, sold the land to Fellows, LLC. The deal was facilitated by Brad LyBrand from NewQuest Properties, who represented the buyer.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Address: Fellows Rd & Del Papa St
- Market: Houston
- Acres: 9.53
- Seller: Minchau Hoang
- Buyer: Fellows, LLC
- Broker: Brad LyBrand - NewQuest Properties
The transaction involved the sale of a 9.53-acre land located at Fellows Rd & Del Papa St in Houston. Minchau Hoang sold the land to Fellows, LLC in this deal. Brad LyBrand from NewQuest Properties represented the buyer, Fellows, LLC, in this transaction.
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