Updated Sep 5, 2024
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.
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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