Updated Dec 4, 2024
Gloria Zermeno Purchases 14.80 Acre Development Site In Hockley From Alexandria Lillich
19600 Becker Road
Building Size
—
Asset Type
Development Site
Closing
Jul 24, 2024
About this deal
AI
The asset involved in this transaction is a development site located at 19600 Becker Road in Hockley. The site spans approximately 14.80 acres.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Buyer: Gloria Zermeno
- Seller: Alexandria Lillich
- Buyer's Representative: Brandon Alexander Wuntch & Drew Altmann - Cresa
- Transaction Date: 7/24/2024
Brandon Alexander Wuntch and Drew Altmann represented the buyer, assisting in the negotiation and execution of this transaction, while Alexandria Lillich acted as the seller in this property exchange.
On the Map
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