Tellus Group LLC Acquires 1,100 Acres Of Land In Forney
Highway 80 and 16 miles to the east of Lake Ray Hubbard
Building Size
—
Asset Type
—
Closing
Jun 26, 2022
About this deal
AI
A 1,100-acre land located at Highway 80 and 16 miles to the east of Lake Ray Hubbard in Forney has been sold. The transaction took place on June 27, 2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
The buyer of the property is Tellus Group LLC, represented by Craig Martin & David Blom from Caravel Ventures, Sumitomo Forestry, and Schaffer Michael, LLC.
Traded’s record for Highway 80 and 16 miles to the east of Lake Ray Hubbard in Lometa, Texas covers a commercial sale from 2022. This page is the Lometa, Texas file for the Highway 80 and 16 miles to the east of Lake Ray Hubbard commercial sold: pricing, party profiles, and other closed commercial comps from the same Lometa sit in the Market section below. Filter that Lometa commercial set by closing date to see what else sold near Highway 80 and 16 miles to the east of Lake Ray Hubbard around 2022. Cite this Tellus Group LLC Acquires 1,100 Acres Of Land In Forney sale when underwriting similar commercial product around Lometa, Texas.
Players
Lometa CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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