Ralco Houston Acquires 4.8 Acre Land In Tomball From Tomball Economic Development Corp
CertaPro Painters of Cypress, 23902 Fm 2978 Rd, Tomball, Texas 77375, United States
Building Size
—
Asset Type
—
Closing
Mar 30, 2022
About this deal
AI
The property involved in this transaction is a land located at the NWC Quadrant Holderrieth & Hufsmith-Kohrville Suite Lot 3 in Tomball. The land spans approximately 4.8 acres, making it a significant asset in the market.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Date: 03/31/2022
- Address: NWC Quadrant Holderrieth & Hufsmith-Kohrville Suite Lot 3
- Market: Tomball
- Acres: 4.8
Ralco Houston, Ltd. acted as the buyer in this transaction, while the Tomball Economic Development Corporation (TEDC) served as the seller. Randy Nerren, from NewQuest Properties, represented the buyer, and Tom Condon, Jr. from Colliers, along with Jane Mathews from Stewart Title, represented the seller.
Players
Tomball 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