SOLDLand
Colliers Brokers Sale Of 12.71 Acres Of Land Along Highway 6 In Missouri City
Texas Highway 6
Building Size
—
Asset Type
Land
Closing
Feb 18, 2025
AI
A total of 12.71 acres of raw land was sold along Highway 6, located in Missouri City, Texas. This land is positioned for future development, catering to the ongoing residential and commercial growth in the area.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Acres: 12.71
- Address: Highway 6
- Market: Missouri City
Chris Hutcheson, James Kadlick, and Harrison Kane from Colliers represented the seller in this transaction, facilitating the brokered sale of the land.
Players
Missouri City 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