Trinity Southwest Commercial Real Estate Sells 46-Acre Development Site In Rowlett
9214 Miles Rd Rowlett, TX 75089, USA
Building Size
—
Asset Type
Development Site
Closing
Aug 11, 2023
AI
A development site spanning 46 acres located at 9214 Miles Road in Rowlett was recently sold in a transaction. The property, listed as a development site, offers significant potential for future projects in the area.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 9214 Miles Road, Rowlett
- Market: Rowlett
- Size: 46 acres
The sale of this development site was facilitated by Patrick Hunt and Cullen Finnegan of Trinity Southwest Commercial Real Estate, who represented the seller in the transaction. Their expertise in the market and knowledge of the property played a crucial role in closing the deal.
Players
Dallas Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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