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US Hwy 290 & Field Store Rd...

CN Real Estate Investments Acquires 12.8 Acres Of Land In Waller From Field Store Land Development And John F. Winslow
SOLD

CN Real Estate Investments Acquires 12.8 Acres Of Land In Waller From Field Store Land Development And John F. Winslow

US Hwy 290 & Field Store Rd, Waller, TX 77484

Building Size

Asset Type

Closing

Apr 7, 2022

AI

A 12.8-acre land located at US Hwy 290 and Field Store Road & FM 2920 and Hempstead Highway in Waller has been sold. The sale took place on April 8, 2022.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: Not available
  • Address: US Hwy 290 and Field Store Road & FM 2920 and Hempstead Highway
  • Market: Waller
  • Acreage: 12.8

The buyer of the property is CN Real Estate Investments, LLC. The seller's include Field Store Land Development, LLC and John F. Winslow. Paul Cates from Finishes Real Estate represented the buyer in this transaction, while NAI Partners' Alex Makris and Jeff Pittman represented the sellers.

Players

Alex Makris

NAI Global

Broker

2 deals

Broker
CL
CN Real estate Investments, LLCBuyer

Lometa 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