Red Grip, LLC Acquires 1.04 Acres Of Land In Tomball From Tomball V.A., LLC - Andrew Marlowe Represents Buyer, Tom Condon, Jr. Represents Seller At Keller Williams Memorial And Colliers
Rudel Drive, Tomball, Texas 77375, United States
Building Size
—
Asset Type
—
Closing
Jun 2, 2022
About this deal
AI
Located at the intersection of Rudel Rd and Buvinghausen Ln in Tomball, a 1.04-acre plot of land has been sold in a recent transaction. The sale, which was completed on June 3, 2022, involved Red Grip, LLC as the buyer and Tomball V.A., LLC as the seller. The property is classified as vacant land, offering a potential opportunity for development or investment in the area. The transaction was facilitated by Andrew Marlowe from Keller Williams Memorial, representing the buyer, and Tom Condon, Jr. from Colliers, representing the seller.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Market: Tomball
- ACRES: 1.04
Andrew Marlowe, a representative from Keller Williams Memorial, provided invaluable support to Red Grip, LLC throughout the buying process. On the other side, Tom Condon, Jr., an experienced broker from Colliers, ensured a smooth transaction for Tomball V.A., LLC. With this sale, Red Grip, LLC has acquired a valuable piece of land in Tomball, offering potential possibilities for future development or investment.
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