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2324 Old Louetta Loop

Jassiel Gonzalez & Gerardo Cardenas Sell Development Site At 2324 Louetta Rd In Spring
SOLDDevelopment Site

Jassiel Gonzalez & Gerardo Cardenas Sell Development Site At 2324 Louetta Rd In Spring

2324 Old Louetta Loop

Building Size

858,567 SF

Asset Type

Development Site

Closing

Jun 16, 2025

AI

The asset involved in the transaction is a development site located at 2324 Louetta Rd in the Spring market. The site has a significant square footage of 858,567, which contributes to its potential for development opportunities.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Date of Sale: 6/17/2025
  • Seller: Jassiel Gonzalez & Gerardo Cardenas
  • Broker: Huntley Grichor - Red Key Properties

The key individuals in this transaction include the sellers, Jassiel Gonzalez and Gerardo Cardenas, who have facilitated the sale of the property. The broker representing the deal is Huntley Grichor from Red Key Properties, instrumental in bringing the transaction to completion.

Players

Huntley Grichor

Red Key Properties

Broker

14 deals

Broker
RP
Red Key PropertiesBrokerage
RP
Red Key PropertiesSeller

Spring 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