Junction Commercial Real Estate Acquires 29.48 Acres Of Land In Houston On Highway 6 & CR 146
Hwy 6, Houston, Texas 77083, United States
Building Size
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Asset Type
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Closing
Jan 5, 2022
AI
A 29.48-acre land located at Highway 6 & CR 146 in Houston has been sold. The transaction took place on 01/05/2022, with Reed Vestal and John Erck from Junction Commercial Real Estate serving as the brokers.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Market: Houston
- Address: Highway 6 & CR 146
- Brokers: Reed Vestal & John Erck - Junction Commercial Real Estate
This deal was facilitated by Reed Vestal and John Erck, who acted as the representatives for the buyer and seller. Additional information about the transaction can be found on the website of Junction Commercial Real Estate.
Players
South Houston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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