SOLDDevelopment Site
Randall Wong Of Skymark Development Sells Development Site In Alvin For An Undisclosed Amount
Main Street
Building Size
83,400 SF
Asset Type
Development Site
Closing
Jul 10, 2025
AI
The property involved in this transaction is a development site located at 0 North Highway 35 in Alvin. It spans a total area of 83,400 square feet.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 0 North Highway 35
- Market: Alvin
- Seller: Randall Wong - Skymark Development
- Broker: Huntley Grichor - Red Key Properties
This deal involved Randall Wong representing Skymark Development as the seller, with Huntley Grichor acting on behalf of Red Key Properties as the broker in the transaction.
Players
Alvin 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