Updated Dec 4, 2024
Skybox Datacenters & Prologis Acquire 220-Acre Development Site In Hutto
Hutto, Texas, United States
Building Size
—
Asset Type
Development Site
Closing
May 25, 2022
About this deal
AI
The City of Hutto has recently sold a development site located in the Hutto market. The property spans across approximately 220 acres, making it a substantial piece of land for potential development.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: N/A
- Market: Hutto
- Acres: 220
The buyer of this development site is a joint venture between Skybox Datacenters and Prologis, represented by JC Witt. This collaboration highlights their interest in expanding their presence in the Hutto market. On the other hand, the seller is the City of Hutto, who has chosen to divest this property to capitalize on its potential development value.
Players
Hutto Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas development site sales on Traded.
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