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E Hwy 290, Manor, TX 78653

DD&B Construction Acquires Development Site In Manor From Las Entradas Development Corp
SOLDDevelopment Site

DD&B Construction Acquires Development Site In Manor From Las Entradas Development Corp

E Hwy 290, Manor, TX 78653

Building Size

Asset Type

Development Site

Closing

Dec 14, 2022

AI

A development site located at E. Hwy 290 and Gregg Manor Rd in Manor has been sold. The transaction took place on December 14, 2022, with DD&B Construction as the buyer and Las Entradas Development Corp as the seller. The property is situated in a prime location within Manor and presents an excellent opportunity for future development. The exact size and market value of the property were not disclosed in the provided information.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Date: December 14, 2022
  • Address: E. Hwy 290 and Gregg Manor Rd
  • Market: Manor

DH Realty Partners represented DD&B Construction as their buyer's representative in this transaction. On the other hand, John T. Baird, Michael Kennedy, and Sullivan Johnston from Avison Young acted as the seller's representatives in the deal. These individuals and agencies played crucial roles in facilitating the successful sale of the development site in Manor.

Players

Michael Kennedy

Avison Young

Broker

2 deals

Broker
DC
DD&B ConstructionBuyer

Austin 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