Yaniv Melamud Of ALTO Real Estate Funds Acquires 24-Acre Development Site In Pflugerville
Building Size
252,000 SF
Asset Type
Development Site
Closing
Jun 23, 2025
AI
A development site located at Cameron Road and SH-130 in Pflugerville encompasses 24 acres and a total square footage of 252,000. This site is designed for industrial purposes, targeting the logistics sector and strategically situated near major tech and manufacturing hubs.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Square Footage: 252,000 SF
- Acres: 24
- Address: Cameron Road & SH-130
- Market: Pflugerville
- Buyer: Yaniv Melamud
- Buyer’s Representative: ALTO Real Estate Funds
Yaniv Melamud, representing ALTO Real Estate Funds, is set to lead this acquisition for the sixth industrial project in Texas. The firm plans to commence construction in Q3 2025, focusing on the development of two rear-load buildings, each measuring 126,000 SF.
Market 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