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Interstate 20 near FM 741 M...

H-E-B Purchases 25.6 Acres Of Land In Mesquite Texas With Buyer’s Rep Venture Commercial
SOLDLand

H-E-B Purchases 25.6 Acres Of Land In Mesquite Texas With Buyer’s Rep Venture Commercial

Building Size

Asset Type

Land

Closing

Nov 18, 2024

AI

The transaction involves the sale of 25.6 acres of land located at the intersection of FM 741 and Interstate 20 in the Mesquite market. H-E-B is the buyer of this asset, which is designated for future development in North Texas, specifically targeting the Heartland area located south of Interstate 20.

Summary of transaction details:

This transaction reflects H-E-B's strategy to facilitate growth in the North Texas region. The representatives involved include Benjamin Hines and Tim Henson from Venture Commercial for the buyer, while David Davidson Jr, Edward Bogel, and Ryan Turner from Davidson Bogel Real Estate represented the seller in the transaction.

Players

Ryan Turner

Davidson Bogel Real Estate

Broker

3 deals

Broker

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