Updated Dec 18, 2023
Brooks Robert Properties Inc Acquires Development Site In Whitney For $4.18M
1049 White Bluff Drive, Whitney, TX, USA
$4,178,000
$0/SF
Building Size
14,810,400 SF
Asset Type
Development Site
Closing
Oct 5, 2020
About this deal
AI
A development site located at 1049 White Bluff Drive in Whitney has been sold. The property spans 340 acres and was listed at a price of $4,178,000. The transaction took place on October 6, 2020.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,178,000
The sale was facilitated by broker Charley Ragan from Brooks Robert Properties Inc.
The development site sale at 1049 White Bluff Drive, Whitney, TX, USA in Whitney, Texas sold for $4.2M in 2020. The building is 14,810,400 square feet, implying about 0 per square foot on the published price. Named participants on the 1049 White Bluff Drive, Whitney, TX, USA sale are Charley Ragan. This page is the Whitney, Texas file for the 1049 White Bluff Drive, Whitney, TX, USA development site sold: pricing, party profiles, and other closed development site comps from the same Whitney sit in the Market section below. Filter that Whitney development site set by closing date to see what else sold near 1049 White Bluff Drive, Whitney, TX, USA around 2020. Published consideration for 1049 White Bluff Drive, Whitney, TX, USA is $4.2M, dated 2020. Cite this Brooks Robert Properties Inc Acquires Development Site In Whitney For $4.18M sale when underwriting similar development site product around Whitney, Texas.
Players
Whitney 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
3.80%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93