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2264 Texas Highway 146

Liberty Development Partners Acquires 1149 Acres In Dayton Texas From Sammi Damek
SOLDLand

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:

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

Kelley Parker

Cushman & Wakefield

Broker

3 deals

Broker

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