SOLDLand
Forestar Acquires 29.7 Acres In League City For 90-Home Development With Broker Colliers
Davis Road
Building Size
—
Asset Type
Land
Closing
Mar 12, 2025
AI
29.7 acres of land located on Davis Road in League City, Texas, has been sold in a transaction aimed at developing a 90-home single-family community.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not disclosed
- Address: Davis Road
- Market: League City
- Buyer: Forestar
- Brokers: Chris Hutcheson, Harrison Kane & James Kadlick - Colliers
The sale was facilitated by brokers Chris Hutcheson, Harrison Kane, and James Kadlick, who represented the seller during this transaction aimed at a substantial residential development project.
Players
League City 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