Updated Oct 29, 2024
Niazi Family Properties Acquires Development Site In Spring
3929 Woodson's Reserve Pkwy Spring, TX 77386, USA
Building Size
—
Asset Type
Development Site
Closing
Jun 7, 2023
About this deal
AI
A development site located at 3929 Woodson's Reserve Parkway in Spring has been sold. The transaction took place on 06/07/2023. The property is situated in a prime location within the market.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not specified
Niazi Family Properties, represented by Saud Niazi, has acquired the development site. The buyer's representative in this transaction was Sai Thakor from Marcus & Millichap.
Traded’s record for 3929 Woodson's Reserve Pkwy Spring, TX 77386, USA in Texas, Texas covers a development site sale from 2023. 3929 Woodson's Reserve Pkwy Spring, TX 77386, USA is classified as Development Site on Traded. Sai Thakor, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Texas, Texas file for the 3929 Woodson's Reserve Pkwy Spring, TX 77386, USA development site sold: pricing, party profiles, and other closed development site comps from the same Texas sit in the Market section below. Filter that Texas development site set by closing date to see what else sold near 3929 Woodson's Reserve Pkwy Spring, TX 77386, USA around 2023. Cite this Niazi Family Properties Acquires Development Site In Spring sale when underwriting similar development site product around Texas, Texas.
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Texas Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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