Scott Felder Homes Acquires 77.149-Acre Land In New Braunfels
Weltner Road, New Braunfels, TX 78130
Building Size
3,360,610 SF
Asset Type
—
Closing
Jul 23, 2020
About this deal
AI
Scott Felder Homes has recently acquired a land asset in New Braunfels. Situated on Weltner Rd., the property spans an impressive 77.149 acres. The transaction took place on July 23, 2021, making this a recent addition to Scott Felder Homes' portfolio.
Summary of transaction details
- Property Type: Land
- Transaction Amount: N/A
- Address: Weltner Rd.
- Market: New Braunfels
- Acres: 77.149
In this deal, Scott Felder Homes was represented by Brett Lum from Partners Real Estate Company. Brett Lum played a vital role in facilitating the transaction, ensuring a smooth and successful acquisition for Scott Felder Homes.
Players
New Braunfels 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