Junction Commercial Real Estate Sells 20.82 Acres Land In Cypress, NW Houston MSA
16614 Spring Cypress Road
Building Size
—
Asset Type
Land
Closing
Jul 26, 2022
About this deal
AI
Located in the Cypress area of Northwest Houston MSA, a piece of land measuring approximately 20.82 acres has been sold at 16614 Spring Cypress Rd. The transaction was handled by Reed Vestal and John Erck from Junction Commercial Real Estate.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Address: 16614 Spring Cypress Rd
- Market: Cypress (Northwest Houston MSA)
- Acres: Approximately 20.82
The deal was facilitated by the brokerage team of Reed Vestal and John Erck from Junction Commercial Real Estate. For more information, you can refer to the full release provided at https://junctionusa.com/closed-deal-16614-spring-cypress/
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