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3003 Fm 1460

Criss Cross Commercial Group Purchases Development Site From Blackburn Communities In Georgetown Texas
SOLDDevelopment Site

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

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.

Players

Zahrah Stocks

Resolut Re

Broker

1 deal

Broker
Resolut Re
Resolut ReBrokerage

Georgetown Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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