Alleyton Resource Company Sells 7.16 Acres Of Land At 15410 Telge Road Cypress
15410 Telge Road
Building Size
—
Asset Type
Land
Closing
Aug 23, 2024
AI
The transaction involved a ±7.16-acre land parcel located at 15410 Telge Road in Cypress, Texas. The property is situated in an area known for its strong market fundamentals and high demand, particularly in the Northwest Highway 6 industrial submarket.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not disclosed
- Acres: 7.16
- Address: 15410 Telge Road
- Market: Cypress
- Seller: Alleyton Resource Company
- Broker: Barkley Peschel - Colliers
Colliers facilitated the transaction, acting on behalf of the seller Alleyton Resource Company. The deal highlights the strong market activity in the Cypress area, characterized by a healthy demand for land assets.
Players
Cypress Land Market Snapshot
Boundary boundary · Land · 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