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
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