Gene McCutchin Acquires Land In Pilot Point From Ron Berlin & Eric Berlin
FM1385, Pilot Point, TX, USA
Building Size
—
Asset Type
—
Closing
Jun 24, 2020
About this deal
AI
Land located at FM 455 & FM 1385 in Pilot Point was recently sold in a closed transaction on 06/25/2020. The property was sold by Ron Berlin and Eric Berlin. The buyer of the land was Gene McCutchin.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not available
- Address: FM 455 & FM 1385, Pilot Point
- Market: Pilot Point
The seller of the property, Ron Berlin and Eric Berlin, were represented by Grant Brodeur from Davidson Bogel Real Estate’s. On the other hand, Ben McCutchin from Younger Partners represented the buyer, Gene McCutchin.
Players
Pilot Point 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