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Rudel Drive, Tomball, Texas...

Updated Oct 28, 2024

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
SOLD

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

Tom Condon Jr.

Colliers

Broker

24 deals

Broker

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

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