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Jeske Road

Gary Schultz, Cheryl Murphy & Clemente Torres Sell 200 Acre Development Site In Needville
SOLDDevelopment Site

Gary Schultz, Cheryl Murphy & Clemente Torres Sell 200 Acre Development Site In Needville

Jeske Road

Building Size

8,712,000 SF

Asset Type

Development Site

Closing

Oct 23, 2025

AI

The transaction involves a development site located at 0 Jeske Road in Needville, encompassing an area of 200 acres. The specifics of the sale are not disclosed.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not disclosed
  • Address: 0 Jeske Road
  • Market: Needville
  • Acres: 200
  • Seller: Gary Schultz, Cheryl Murphy & Clemente Torres
  • Broker: Huntley Grichor - Red Key Properties

This transaction was facilitated by broker Huntley Grichor representing the sellers Gary Schultz, Cheryl Murphy, and Clemente Torres in the sale of the property.

Players

Huntley Grichor

Red Key Properties

Broker

14 deals

Broker
RP
Red Key PropertiesSeller

Needville 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