Updated Dec 21, 2023
Will Florence Of Marcus & Millichap Represents Sale Of 188.42 Acre Waller Development Site
0 Stokes Rd, Waller, TX 77484
Building Size
—
Asset Type
Development Site
Closing
Mar 4, 2022
About this deal
AI
A 188.42 acre development site located at 0 Stokes Road in Waller, Texas has been sold. The transaction was facilitated by Will Florence of Marcus & Millichap, who represented both the seller and the buyer.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 0 Stokes Road, Waller, Texas
- Market: Waller
- Size: 188.42 acres
This sale, which involved a sizable tract of land, was successfully completed with the assistance of Will Florence from Marcus & Millichap. The details regarding the transaction amount were not provided in the given information.
Players
Waller Development Site Market Snapshot
Boundary boundary · Development Site · 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