SOLDLand
Alan Hassenflu Of Fidelis Acquires 42 Acres For Mixed-Use Development In Alvin
Building Size
—
Asset Type
Land
Closing
Mar 25, 2026
About this deal
AI
Fidelis acquired 42 acres of land located at the southeast corner of Grand Parkway and FM 517 in Alvin, Texas, for a planned mixed-use development featuring approximately 280,000 square feet of retail space.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Address: Grand Parkway & FM 517
- Market: Alvin
- Acres: 42
- Buyer: Alan Hassenflu - Fidelis
- Architect: Boucher Design Group
- Groundbreaking Target: Early 2027
Alan Hassenflu represents Fidelis in this transaction, which aims to develop a comprehensive mixed-use space in the Alvin area, enhancing local retail offerings as part of their future plans.
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