Texas Petroleum Group Acquires 4.98 Acres Land From Cameron International Corporation
29501 Katy Freeway
Building Size
—
Asset Type
Land
Closing
Feb 20, 2024
AI
The property involved in this transaction is a 4.98-acre land located at 29501 Katy Freeway, Houston. The land was sold by Cameron International Corporation to Texas Petroleum Group for the construction of a Timewise convenience store.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Buyer: Kevin Autin - Texas Petroleum Group
- Seller: Cameron International Corporation
- Broker: Richard Glass - Lee & Associates
Richard Glass from Lee & Associates represented Cameron International Corporation in the sale of the 4.98-acre land to Texas Petroleum Group for the purpose of developing a Timewise convenience store.
Players
Katy 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