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.
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