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Empire Group Of Cos. Acquires 30.6-Acre Development Site In Hutto For $11M

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SOLD
$11,000,000

Texas

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Development Site
Sold 09/01/2022
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Property Image
SOLD

Empire Group Of Cos. Acquires 30.6-Acre Development Site In Hutto For $11M

200 Westfield Street, Hutto, Texas 78634, United States

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Development Site
Sold 09/01/2022
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Summary

TEXAS
Asset Type:Development Site
Transaction Type:Sale

Located at 200 Westfield St in Hutto, this development site spans approximately 30.6 acres. The property was recently sold on 09/01/2022.

Summary of transaction details

  • Property Type: Development site
  • Transaction Amount: $11,000,000
  • Date: 09/01/2022
  • Address: 200 Westfield St
  • Market: Hutto
  • ACRES: 30.6

The buyer of this property was Empire Group of Cos. The transaction was facilitated by the brokers Josh Cameron and Hal Guggolz from Land Advisors Organization.

Players

Josh Cameron
1 deal$11M volume
BROKER

Hal Guggolz
Land Advisors Organization
1 deal$11M volume
BROKER

BUYER

Details

SOLD
IMAGE: Josh Cameron & Hal Guggolz DATE: 09/01/2022 ADDRESS: 200 Westfield St. MARKET: Hutto ASSET TYPE: Development site ~ ACRES: 30.6 BUYER: Empire Group of Cos. BROKERS: Josh Cameron & Hal Guggolz - Land Advisors Organization SALE PRICE: $11,000,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$586,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34