facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Development Site

/

Sale

/

U.S. Highway 290 Waller

Updated Aug 6, 2025

Memorial Hermann Health System Acquires 40 Acres Development Site In Waller From Wolff Co
SOLDDevelopment Site

Memorial Hermann Health System Acquires 40 Acres Development Site In Waller From Wolff Co

Building Size

—

Asset Type

Development Site

Closing

Jul 28, 2025

About this deal

AI

The transaction involves a 40-acre development site located at U.S. Highway 290 in Waller, Texas. The property is part of the Beacon Hill development, which spans 587 acres and is currently undergoing growth due to significant investments. Infrastructure improvements and highway access enhancements are being implemented in the area to support development.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Address: U.S. Highway 290
  • Market: Waller
  • Acreage: 40
  • Buyer: Jerry Ashworth - Memorial Hermann Health System
  • Seller: David Wolff - Wolff Co

The buyer, Jerry Ashworth, represents Memorial Hermann Health System, which acquired the site for potential future expansion, aligning with the broader growth of the area. The seller, David Wolff, is affiliated with Wolff Co, which facilitated the transaction. The region has experienced major investments from notable firms such as Long Lake Limited and Hines.

Players

WC
Wolff CoSeller
Bilt advertisement

Market 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

More Deals