facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Land

/

Sale

/

2500 South Bypass 35

Culberson Contractors Acquires Land In Alvin From East Bay Partners Ltd
SOLDLand

Culberson Contractors Acquires Land In Alvin From East Bay Partners Ltd

Building Size

55,000 SF

Asset Type

Land

Closing

Feb 16, 2024

AI

The property involved in the transaction is a 12.6-acre land located at 2500 South Bypass 35 in Alvin. The land will be the site for a new 55,000-square-foot store to be opened by Murdoch’s Ranch & Home Supply, positioned 30 miles south of Houston.

Summary of transaction details:

Culberson Contractors, represented by Danny Elliott & Thomas Tyng from CBRE, purchased the 12.6-acre land for the development of the new store. On the other side, East Bay Partners Ltd was the seller, with their representation handled by Alex Makris & Patrick Keegan from Partners Real Estate.

Players

Patrick Keegan

NAI Global

Broker

4 deals

Broker

Market Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

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