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Grand Parkway & FM 517

Alan Hassenflu Of Fidelis Acquires 42 Acres For Mixed-Use Development In Alvin
SOLDLand

Alan Hassenflu Of Fidelis Acquires 42 Acres For Mixed-Use Development In Alvin

Building Size

Asset Type

Land

Closing

Mar 25, 2026

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.

Players

Alan Hassenflu

Fidelis Realty Partners LLC

Buyer

$62.1M

vol

4 deals

Buyer

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