Updated Jun 10, 2025
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
About this deal
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.
On the Map
Development Site
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Humble Development Site Market Snapshot
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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