Updated Sep 9, 2024
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
About this deal
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.
On the Map
Development Site
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Players
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