Colliers Brokers Sale Of 45-Acre Development Site At Highway 6 And Kirby Drive In Manvel
Building Size
—
Asset Type
Land
Closing
Jan 27, 2026
AI
A 45-acre development site was sold at the northwest corner of Highway 6 and Kirby Drive in Manvel, Texas. The site provides 2,000 feet of frontage and direct access to key employment hubs in Houston. The market is experiencing significant demand for development land in the Highway 6 corridor, driven by ongoing residential and commercial expansion.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not disclosed
- Acres: 45
- Address: Highway 6 & Kirby Drive
- Market: Manvel
- Brokers: James Kadlick, Harrison Kane & Chris Hutcheson - Colliers
Colliers facilitated the transaction, showcasing the interest in development opportunities in the area. The deal was represented by James Kadlick, Harrison Kane, and Chris Hutcheson, highlighting the brokerage's involvement in the sale of the land.
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