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3011 East Richey Road

Patrick McKiernan Of First Houston Properties Represents Buyer For Development Site Sale In Humble
SOLDDevelopment Site

Patrick McKiernan Of First Houston Properties Represents Buyer For Development Site Sale In Humble

3011 East Richey Road

Building Size

441,262 SF

Asset Type

Development Site

Closing

Jun 8, 2025

AI

The property asset involved in the transaction is a development site located at 3011 East Richey Road in Humble. This site has a total square footage of 441,262.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Address: 3011 East Richey Road
  • Market: Humble
  • Asset Size: 441,262 SF
  • Buyer's Representative: Patrick McKiernan - First Houston Properties
  • Seller's Representative: William Byrd - PrinGroup Commercial

In this transaction, Patrick McKiernan represented the buyer, while William Byrd represented the seller, each affiliated with their respective agencies. The deal was finalized on June 9, 2025.

Players

Patrick McKiernan

First Houston Properties

Broker

$9M

vol

40 deals

Broker
PrinGroup Commercial
PrinGroup CommercialBrokerage

Humble 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