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Sugar Land Capital Acquires Development Site In Magnolia For $1.1 Million With CBRE Brokers

Property Image
SOLD
$1,100,000
James "Jim" Stark
Fatima Ghayour

Texas

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Development Site217,316 SF
Sold 11/21/2024
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Property Image
SOLD

Sugar Land Capital Acquires Development Site In Magnolia For $1.1 Million With CBRE Brokers

311 Magnolia Business Park Dr

See Similar Deals
Development Site217,316 SF
Sold 11/21/2024
James "Jim" Stark
Fatima Ghayour
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Development Site
Price Per Square Foot:$5
Total Square Footage:217,316 SF
Transaction Type:Sale

The property involved in this transaction is a development site located at 311 Magnolia Business Park Drive in Magnolia. It was sold for $1,100,000, covering an area of 217,316 square feet, resulting in a price per square foot of $5.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,100,000
  • Address: 311 Magnolia Business Park Drive
  • Market: Magnolia
  • Square Footage: 217,316
  • Price Per Square Foot: $5
  • Buyer: Saad Khalid, Zeshaan Samani, Amir Qureshi, Mohammed Kurjee & Naved Dattu - Sugar Land Capital
  • Brokers: James Stark & Fatima Ghayour - CBRE

The buyers, representing Sugar Land Capital, have expressed their commitment to delivering class-A multi-tenant industrial developments in Texas's high-growth corridors, as highlighted by their plans for an 89,000 square foot project in the West Magnolia area.

Players

James "Jim" Stark
CBRE
James Stark
3 deals$1.1M volume
BROKER
Fatima Ghayour
CBRE
Fatima Ghayour
1 deal$1.1M volume
BROKER

Details

SOLD
IMAGE: Saad Khalid, Zeshaan Samani, Amir Qureshi, Mohammed Kurjee & Naved Dattu DATE: 11/21/2024 ADDRESS: 311 Magnolia Business Park Drive MARKET: Magnolia ASSET TYPE: Development Site BUYER: Saad Khalid (@Sdkhld), Zeshaan Samani (@Attorney_Z_), Amir Qureshi (@Amirhtx), Mohammed Kurjee (@MaKurjee) & Naved Dattu (@Naved81) - Sugar Land Capital (@SugarLandCapital) BROKERS: James Stark & Fatima Ghayour - CBRE (@CBRE) SALE PRICE: $1,100,000 SF: 217,316 ~ PPSF: $5 NOTE FROM BUYER: Sugar Land Capital remains committed to its core mission of delivering class-A multi-tenant industrial developments in Texas's high-growth corridors, exemplified by this 89,000 SF project in the thriving West Magnolia area.

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