Grant Van Rooyen Of Tract Acquires 1515 Acres In Maxwell From William Doherty Of Walton Global Holdings LLC
Building Size
—
Asset Type
Land
Closing
May 7, 2025
About this deal
AI
The transaction involves the sale of 1,515 acres of land located on FM Road 2720 in Maxwell. The purpose of this acquisition is to develop a major data center campus. The property was previously considered by Micron for a chip plant.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Acres: 1,515
- Buyer: Grant van Rooyen
- Buyer's Company: Tract
- Seller: William (Bill) Doherty
- Seller's Company: Walton Global Holdings LLC
- Market: Maxwell
- Date of Transaction: 05/07/2025
Grant van Rooyen, representing Tract, has acquired the property from William (Bill) Doherty of Walton Global Holdings LLC. The buyer is currently in negotiations with the city of Uhland regarding development terms and has yet to seek any incentives.
Players
Market 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