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
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