Updated Oct 10, 2026
Maddox Group Acquires Development Site In Joshua, TX From H5 Family Ventures
Building Size
574,992 SF
Asset Type
Development Site
Closing
Nov 16, 2023
About this deal
AI
The development site located at 2416 Fm 917 in Joshua, TX has been sold in a recent transaction. The property spans a total of 574,992 square feet, making it a significant asset in the market. Details regarding the sale price, loan amount, and market value are not available at this time.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not available
The buyer in this transaction is Kristoffer Maddox, representing the Maddox Group. On the other hand, the seller is JD Hill, who is affiliated with H5 Family Ventures. The deal was facilitated by two brokers: Chris Janowski-Duwest from Duwest Realty and Ken Reimer from Venture Land Group.
Players
Market 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