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I-30 White Hills Dr, Rockwa...

Updated Sep 5, 2024

Michael Eido Acquires Development Site On I-30 White Hills Drive In Rockwall For $1.65M
SOLDDevelopment Site

Michael Eido Acquires Development Site On I-30 White Hills Drive In Rockwall For $1.65M

I-30 White Hills Dr, Rockwall Tx 75087

$1,650,000

Building Size

Asset Type

Development Site

Closing

Aug 8, 2023

About this deal

AI

An undeveloped site located at I-30 White Hills Drive in Rockwall has been sold for $1,650,000. The property, a development site, was purchased by Michael Eido from the seller, Sammy Jibran. The transaction was facilitated by Baha Savage and Ruja Maka of DHS Realty, who acted as the buyer's representatives.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,650,000
  • Address: I-30 White Hills Drive, Rockwall
  • Buyer: Michael Eido
  • Seller: Sammy Jibran
  • Brokers: Baha Savage and Ruja Maka of DHS Realty

This significant deal involved the purchase of an undeveloped site in Rockwall, Texas. Michael Eido, the buyer, acquired the property from Sammy Jibran. The transaction was facilitated by Baha Savage and Ruja Maka, who represented the buyer. The exact size of the site and any potential plans for development were not disclosed.

Players

Baha Savage

DHS Realty

Broker

$1.7M

vol

1 deal

Broker

Texas 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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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