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Hwy 6, Houston, Texas 77083...

Junction Commercial Real Estate Acquires 29.48 Acres Of Land In Houston On Highway 6 & CR 146
SOLD

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

Asset Type

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

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

Reed Vestal

Junction Commercial Real Estate

Broker

12 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

South 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