J. Alan Kent Development Purchases 411 Acres Development Site In Montgomery From Foster Timber
SOLD
Texas
See Similar DealsDevelopment Site
Sold 07/17/2024
Summary
Asset Type:Development Site
Transaction Type:Sale
The property asset involved in this context is a development site located at 18150 FM-1097, Montgomery, TX, encompassing an area of 411 acres. The market for this asset is identified as Conroe/Montgomery. The seller of this property is Foster Timber.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 18150 FM-1097, Montgomery, TX
- Market: Conroe/Montgomery
- Acres: 411
- Buyer: J. Alan Kent Development
- Seller: Foster Timber
- Brokers: Josh Cheatham & David Alexander - Newcor Commercial Real Estate
- Date of Transaction: 07/17/2024
The transaction involved key individuals such as J. Alan Kent Development as the buyer. The brokers representing the transaction were Josh Cheatham and David Alexander from Newcor Commercial Real Estate, acting on behalf of the buyer and seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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