Liberty Development Partners Acquires 1149 Acres In Dayton Texas From Sammi Damek
2264 Texas Highway 146
Building Size
—
Asset Type
Land
Closing
Sep 1, 2024
AI
The transaction involved 1,149 acres of land located at 2264 Texas Highway 146 in Dayton, Texas. This property is designated for industrial expansion as part of the Gulf Inland Logistics Park. The sale was concluded on September 1, 2024, and the parties involved include buyer Liberty Development Partners and seller Sammi Damek.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not disclosed
- Address: 2264 Texas Highway 146
- Market: Dayton
- Acres: 1,149
- Buyer's Representative: Coe Parker, John Littman & Kelley Parker - Cushman & Wakefield
- Seller's Representatives: Charles Blaschke & Logan Havel - Edge Realty Partners; Tony Patronella - Read King Commercial Real Estate
This transaction was marked by the involvement of multiple representatives from both sides, with Liberty Development Partners acquiring the land for its planned industrial use. The brokering was handled by Tony Patronella alongside Charles Blaschke and Logan Havel, facilitating the deal between Liberty Development Partners and private investor Sammi Damek.
Players
Dayton 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