Updated Nov 3, 2025
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
About this deal
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.
On the Map
Development Site
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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