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Roberts Cemetery Road

Taylor Morrison Acquires Development Site In Tomball/Magnolia With Buyer's Representatives Tommy LeBlanc & John-Michael Kamel
SOLDDevelopment Site

Taylor Morrison Acquires Development Site In Tomball/Magnolia With Buyer's Representatives Tommy LeBlanc & John-Michael Kamel

Building Size

Asset Type

Development Site

Closing

Jul 21, 2025

AI

The asset involved in the transaction is a Development Site located in the Tomball/Magnolia market. The property was acquired by Taylor Morrison, indicating a strategic investment in a growing area. Specific financial details regarding the transaction amount are not provided.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: Not disclosed
  • Buyer: Taylor Morrison
  • Buyer's Representative: Tommy LeBlanc & John-Michael Kamel - MLB Commercial Real Estate
  • Date of Transaction: 07/22/2025
  • Market: Tomball/Magnolia

The transaction showcases the involvement of key industry professionals, Tommy LeBlanc and John-Michael Kamel, who represented the buyer, Taylor Morrison. Their role as representatives highlights their expertise in navigating the complexities of development site acquisitions within the real estate market.

Players

Tommy LeBlanc

MLB Commercial Real Estate

Broker

4 deals

Broker
MLB Capital Partners
MLB Capital PartnersBrokerage

Hockley Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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