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453 Koomey Road

Immanuel Prasad Sells 8 Acres Of Development Site In Brookshire Texas With Buyer’s Rep Andrew Laycock
SOLDDevelopment Site

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

Andrew Laycock

Partners Real Estate

Broker

12 deals

Broker
KW Commercial
KW CommercialBrokerage

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