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26 Acres I 10 Weimar, Tx

Pawandeep Kaur Purchases Development Site In SE Texas From Cook Family For 1,134,650 SF
SOLDDevelopment Site

Pawandeep Kaur Purchases Development Site In SE Texas From Cook Family For 1,134,650 SF

26 Acres I 10 Weimar, Tx

Building Size

1,134,650 SF

Asset Type

Development Site

Closing

Jan 31, 2025

AI

The property asset involved in this transaction is a development site located at I-10 Weimar, situated in the Southeast Texas market. The site encompasses 1,134,650 square feet and spans 26 acres.

Summary of transaction details:

In this transaction, the buyer, Pawandeep Kaur, was represented by Sony Kohli from REALM Real Estate Professionals, while the seller, Cook Family, was represented by Justin Whitworth and Cyndee Smith from Oldham Goodwin.

Players

Justin Whitworth

Oldham Goodwin

Broker

$8.2M

vol

3 deals

Broker

Glidden 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