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14546 Red Creek Circle

BCS Capital Group Acquires 51-Acre Development Site In Magnolia
SOLDDevelopment Site

BCS Capital Group Acquires 51-Acre Development Site In Magnolia

14546 Red Creek Circle

Building Size

Asset Type

Development Site

Closing

Feb 23, 2024

AI

14546 Red Creek Circle in Magnolia, TX is a 51-acre development site that has been acquired by Jack Burgher, Robert Cannon & Ryan Sweeney of BCS Capital Group. The property is strategically located at the SWC of FM 1488 and SH 149, in proximity to the retail hub of Magnolia and several master planned communities.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Buyer: Jack Burgher, Robert Cannon & Ryan Sweeney - BCS Capital Group

BCS Capital Group, represented by Jack Burgher, Robert Cannon, and Ryan Sweeney, has expressed excitement in developing the 51-acre site. Magnolia, located in Montgomery County, is undergoing rapid growth and is expected to expand by over 30% in the next five years. The acquisition of this property is aimed at creating a high-quality development that will benefit the local community and residents of Magnolia.

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