Updated Oct 28, 2024
CJ Development Acquires 5.22 Acre Development Site In Houston From Gross Investments
NWQ of Yale & W Crosstimbers St Houston, TX 77018
Building Size
—
Asset Type
Development Site
Closing
Mar 10, 2022
About this deal
AI
The NWQ of Yale & W Crosstimbers St in Houston has been sold in a recent transaction. The property is a development site spanning across 5.22 acres. The sale took place on 03/11/2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not mentioned in CONTEXT
- Address: NWQ of Yale & W Crosstimbers St, Houston
- Market: Houston
- Acres: 5.22
The buyer of the property is CJ Development, represented by Johnny Vassallo. The seller is Gross Investments. The transaction was facilitated by David Cook and Meredith T. Cullen from Cushman & Wakefield.
Players
Houston 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