Palms Property Sells 13.7 Acres Of Land In Friendswood, TX With Buyer's Rep Liz Bui And Seller's Rep Kelly Hutchinson
205 North Friendswood Drive, Friendswood, TX
Building Size
—
Asset Type
Land
Closing
Oct 18, 2022
About this deal
AI
A 13.7-acre land located at 205 North Friendswood Drive in Friendswood, TX has been sold in a recent transaction. The property, represented by Kelly Hutchinson of Colliers, was purchased by Palms Property. The sale was facilitated by Liz Bui of eXp Realty.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not disclosed
- Address: 205 North Friendswood Drive, Friendswood, TX
- Market: Friendswood, TX
- Asset Type: Land
- Acres: 13.7
The deal involved Kelly Hutchinson of Colliers representing the seller, Palms Property, and Liz Bui of eXp Realty representing the buyer. Further details about the transaction are not available.
Players
Friendswood 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