Updated Oct 29, 2024
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
About this deal
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.
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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