Avera Cos. Acquires 68 Acres Of Land In Houston - Trey Odom
US Highway 290 and Kermier Road, Hockley, Texas 77447, United States
Building Size
—
Asset Type
—
Closing
Jan 20, 2022
About this deal
AI
A 68-acre piece of land located at U.S. Highway 290 and Kermier Road in the Houston market has been sold. The transaction took place on January 20, 2022. The buyer of the land is Avera Cos., represented by Trey Odom.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Address: U.S. Highway 290 and Kermier Road
- Market: Houston
- Size: 68 acres
Trey Odom, representing Avera Cos., played a key role in the transaction as the buyer's representative.
Traded’s record for US Highway 290 and Kermier Road, Hockley, Texas 77447, United States in Hockley, Texas covers a commercial sale from 2022. This page is the Hockley, Texas file for the US Highway 290 and Kermier Road, Hockley, Texas 77447, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Hockley sit in the Market section below. Filter that Hockley commercial set by closing date to see what else sold near US Highway 290 and Kermier Road, Hockley, Texas 77447, United States around 2022. Cite this Avera Cos. Acquires 68 Acres Of Land In Houston - Trey Odom sale when underwriting similar commercial product around Hockley, Texas.
Players
Hockley 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