Colliers International Sells 13.3 Acres Of Land In Missouri City For Mixed-Use Commercial Development
Building Size
—
Asset Type
Land
Closing
Dec 19, 2023
AI
An undisclosed buyer has purchased two undeveloped tracts of land totaling 13.3 acres in Missouri City, Texas. The property, located at the corner of Highway 6 and Hurricane Lane, has been sold by Colliers International in response to the increasing demand for retail and dining options in the area, driven by rising residential development near Hightower High School.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not disclosed
- Address: Highway 6 & Hurricane Lane, Missouri City, Texas
- Market: Missouri City
- Land Size: 13.3 acres
The sale was facilitated by brokers Chris Hutcheson, Harrison Kane, and James Kadlick from Colliers International.
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