Capital Land Investments 3 LP Acquires 10,000 Acres Of Land In Bastrop, TX
Intersection of Hwys 71 & 95, Bastrop, TX, 78602
Building Size
—
Asset Type
—
Closing
Jan 20, 2022
About this deal
AI
A 10,000-acre land located at the intersection of Hwys 71 & 95 in Bastrop, TX has been sold. The transaction took place on January 20, 2022. The property, owned by CL Bastrop, was purchased by Capital Land Investments 3 LP. The sale was facilitated by brokers Carlotta McLean and Tim Riley from Riley-McLean Land.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Market: Bastrop, TX
- Address: Intersection of Hwys 71 & 95
- Buyer: Capital Land Investments 3 LP
- Seller: CL Bastrop
- Brokers: Carlotta McLean & Tim Riley - Riley-McLean Land
Carlotta McLean and Tim Riley, representing Riley-McLean Land, played a crucial role in facilitating the sale of the 10,000-acre land. Their expertise and negotiations skills helped ensure a successful transaction for both the buyer, Capital Land Investments 3 LP, and the seller, CL Bastrop.
Players
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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