Camden Property Trust Acquires 16 Acres Of Land In Richmond With Buyer's Rep Kenneth Danna & Seller's Rep Ashley Strickland
W Bellfort St, Richmond, Texas 77407, United States
Building Size
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Asset Type
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Closing
Mar 27, 2022
AI
Camden Property Trust, represented by Todd Triggs, has completed the purchase of a 16-acre land parcel located at Grand Parkway/TX 99 & West Belfort Street in Richmond. The seller, CJ Development, was represented by Johnny Vassallo. The transaction took place on March 28, 2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Address: Grand Parkway/TX 99 & West Belfort Street, Richmond
- Market: Richmond
- Acres: 16
Kenneth Danna from Dosch Marshall Real Estate represented Camden Property Trust as their buyer's representative. Ashley Strickland, from NewQuest Properties, served as the seller's representative for CJ Development.
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