Empire Group Of Cos. Acquires 30.6-Acre Development Site In Hutto For $11M
SOLD
Texas
See Similar DealsDevelopment Site
Sold 09/01/2022
SOLD
Empire Group Of Cos. Acquires 30.6-Acre Development Site In Hutto For $11M
200 Westfield Street, Hutto, Texas 78634, United States
See Similar DealsDevelopment Site
Sold 09/01/2022
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.
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Deal Type
30 years
10 years
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
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