Updated Dec 4, 2024
Tyler Torres & Alex Wisnoski Of Texas Cres Facilitate Sale Of 260 Acre Development Site In Hockley
Betka Road
Building Size
11,325,600 SF
Asset Type
Development Site
Closing
Sep 16, 2024
About this deal
AI
The asset involved in this transaction is a development site located on Betka Road, encompassing an area of 260 acres in the Hockley market.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: Not Disclosed
- Date of Transaction: 09/16/2024
- Address: Betka Road
- Market: Hockley
- Broker: Tyler Torres & Alex Wisnoski - Texas Cres
This transaction was facilitated by brokers Tyler Torres and Alex Wisnoski, who represented the seller in the deal through their agency, Texas Cres.
Traded’s record for Betka Road in Hockley, Texas covers a development site sale from 2024. The building is 11,325,600 square feet, implying about 0 per square foot on the published price. Tyler Torres, Alex Wisnoski, Texas Cres appear on the sale alongside Texas Cres. This page is the Hockley, Texas file for the Betka Road development site sold: pricing, party profiles, and other closed development site comps from the same Hockley sit in the Market section below. Filter that Hockley development site set by closing date to see what else sold near Betka Road around 2024. Cite this Tyler Torres & Alex Wisnoski Of Texas Cres Facilitate Sale Of 260 Acre Development Site In Hockley sale when underwriting similar development site product around Hockley, Texas.
On the Map
Development Site
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Players
Hockley 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