Updated Jun 2, 2025
Mikheel Davankar Of Greenlaw Partners Acquires Development Site From Farms Family Trust In El Paso
11051 North Loop Drive
Building Size
—
Asset Type
Development Site
Closing
May 22, 2025
About this deal
AI
The property involved in this transaction is a development site located at 11051 North Loop Drive in El Paso. The site spans an area of 99 acres, suitable for various development opportunities.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Buyer: Mikheel Davankar - Greenlaw Partners
- Seller: Farms Family Trust
- Broker: Christian Perez Giese - CBRE
- Transaction Date: 5/22/2025
This transaction features Mikheel Davankar representing Greenlaw Partners as the buyer, while the seller is Farms Family Trust. The broker facilitating this sale is Christian Perez Giese from CBRE, ensuring a smooth transaction process in the El Paso market.
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Development Site
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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