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
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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
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