Updated Aug 26, 2025
J. Alan Kent Development Acquires Development Site From Radha Soami Society Beas America In Waller, Texas
Hegar Springs Pkwy
Building Size
9,888,120 SF
Asset Type
Development Site
Closing
Aug 20, 2025
About this deal
AI
The property involved in the transaction is a development site located at 0 Hegar Springs Parkway in Waller, Texas. The asset encompasses 9,888,120 square feet, suitable for future development projects.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 0 Hegar Springs Parkway
- Market: Waller, Texas
- Asset Size: 9,888,120 SF
- Buyer: J. Alan Kent Development
- Seller: Radha Soami Society Beas America
- Buyer's Representatives: David Alexander & Josh Cheatham - Newcor Commercial Real Estate
The deal was facilitated by the buyer's representatives, David Alexander and Josh Cheatham from Newcor Commercial Real Estate. The site will be developed into a subdivision, with phase 1 planned to consist of roughly 255 lots of varying sizes, including 50', 60', 70', and half-acre lots.
On the Map
Development Site
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Hockley Development Site Market Snapshot
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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