Updated Sep 19, 2025
Criss Cross Commercial Group Purchases Development Site From Blackburn Communities In Georgetown Texas
3003 Fm 1460
Building Size
482,209 SF
Asset Type
Development Site
Closing
Sep 11, 2025
About this deal
AI
The transaction involved a development site located at 3003 FM 1460 in Georgetown, Texas. The asset encompasses a total square footage of 482,209 and is part of a larger mixed-use property development. The transaction type is classified as a sale.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Buyer: Criss Cross Commercial Group
- Seller: Blackburn Communities
- Buyer’s Representative: Zahrah Stocks & Austin Aguilar - Resolut Re
- Market: Georgetown
- Asset Square Footage: 482,209
- Development Plans: Buyer intends to develop and deliver multi-tenant retail and pad sites at the hard corner of a 57-acre mixed-use development on the SEC of Westinghouse Rd & FM 1460.
The deal involves Criss Cross Commercial Group as the buyer and Blackburn Communities as the seller. Zahrah Stocks and Austin Aguilar, representing the buyer through Resolut Re, are key figures facilitating this transaction.
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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