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Fm 362 And Fm 529

Michael Keegan Of Partners Real Estate Represents Buyer In 20 Acre Development Site Sale In Brookshire
SOLDDevelopment Site

Michael Keegan Of Partners Real Estate Represents Buyer In 20 Acre Development Site Sale In Brookshire

Fm 362 And Fm 529

Building Size

871,200 SF

Asset Type

Development Site

Closing

Oct 27, 2025

AI

The asset involved in the transaction is a development site, encompassing 20 acres. The address is located at Fm 362 & Fm 529 in the Brookshire market. The transaction date is recorded as October 28, 2025.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not disclosed
  • Acres: 20
  • Address: Fm 362 & Fm 529
  • Market: Brookshire
  • Buyer's Representative: Michael Keegan - Partners Real Estate
  • Seller's Representative: Matthew Franques - Alpine Partners

This transaction involved key representatives in the real estate sector, with Michael Keegan acting on behalf of the buyer and Matthew Franques representing the seller. Both brokers are affiliated with their respective agencies, facilitating the transaction in the development site market.

Players

Michael Keegan

Partners Real Estate

Broker

10 deals

Broker
Alpine Partners
Alpine PartnersBrokerage

Brookshire 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