Immanuel Prasad Sells 8 Acres Of Development Site In Brookshire Texas With Buyer’s Rep Andrew Laycock
453 Koomey Road
Building Size
348,480 SF
Asset Type
Development Site
Closing
Sep 18, 2025
AI
The transaction involved a development site located at 453 Koomey Road in Brookshire, Texas. The asset encompasses 8 acres with a total square footage of 348,480. The seller successfully sold the property achieving 96% of the asking price.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Achieved 96% of the asking price
- Address: 453 Koomey Road
- Market: Brookshire
- Seller: Immanuel Prasad
- Buyer's Representative: Andrew Laycock - Partners Real Estate
- Seller's Representative: Ash Noorani - CBAN Real Estate - KW Commercial Texas
Andrew Laycock from Partners Real Estate represented the buyer, and Ash Noorani from CBAN Real Estate / KW Commercial Texas acted as the seller's representative in the successful completion of this transaction. The deal reflects a continued investor confidence in the Texas commercial land market.
Players
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