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5115 South Shaver Street, H...

Junction Commercial Real Estate Acquires Development Site In Houston For 11.83 Acres
SOLDDevelopment Site

Junction Commercial Real Estate Acquires Development Site In Houston For 11.83 Acres

5115 South Shaver Street, Houston, TX 77034

Building Size

Asset Type

Development Site

Closing

Dec 30, 2021

AI

The property involved in this transaction is a development site located at 5115 South Shaver in Houston. The site spans 11.83 acres and was sold on December 30, 2021.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Address: 5115 South Shaver
  • Market: Houston
  • Acres: 11.83

The brokers responsible for this sale are Reed Vestal and John Erck from Junction Commercial Real Estate. The details of the transaction can be found on the website of Junction Commercial Real Estate.

Players

Reed Vestal

Junction Commercial Real Estate

Broker

12 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

Houston 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