Updated Feb 12, 2025
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
About this deal
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:
- Property Type: Development Site
- Transaction Amount: Not specified
- Buyer: Pawandeep Kaur
- Seller: Cook Family
- Buyer's Representative: Sony Kohli - REALM Real Estate Professionals
- Seller's Representatives: Justin Whitworth & Cyndee Smith - Oldham Goodwin
- Date of Transaction: 01/31/2025
- Market: SE Texas
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.
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Development Site
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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