Silvestri Investments Acquires Land In Tomball From Martens Land Gershaft
Farm to Market 2920, Tomball, TX, USA
Building Size
5,214,132 SF
Asset Type
Development Site
Closing
Aug 13, 2020
AI
A land asset located at FM 2920 & Telge Road in Tomball has been sold in a recent transaction. The property spans a total of 5,214,132 square feet, making it a substantial piece of land. The sale took place on August 14, 2020, and the parties involved in the transaction were Martens Land Gershaft, the seller, and Silvestri Investments, the buyer.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Address: FM 2920 & Telge Road
- Market: Tomball
- Square Footage: 5,214,132
Representing the seller, Martens Land Gershaft, were Carlos P. Bujosa & A. David Schwarz III of Transwestern Real Estate Services. They played a pivotal role in the successful completion of the deal. Silvestri Investments, on the other hand, acted as the buyer in this transaction.
Players
Tomball 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