Updated Dec 4, 2024
Blackhawk Real Estate Partners Acquires Development Site In Magnolia, TX From Terpstra Real Estate And Associates
10250 Fm 1488
Building Size
245,713 SF
Asset Type
Development Site
Closing
Oct 27, 2023
About this deal
AI
A development site in Magnolia, TX has been sold in a recent transaction. The property, located at 10250 Fm 1488, spans an area of 245,713 square feet. The transaction involved the sale of the development site.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not mentioned in the CONTEXT
- Address: 10250 Fm 1488, Magnolia, TX
Khizar Hanif, representing Blackhawk Real Estate Partners, acted as the buyer in this transaction. The seller was Terpstra Real Estate and Associates. The deal was facilitated by Huntley Grichor of Red Key Properties, who represented both the buyer and the seller in the transaction.
Players
Magnolia 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