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:
- Property Type: Land
- Transaction Amount: Not specified
- Acres: 25.6
- Buyer: H-E-B
- Buyer's Representative: Benjamin Hines & Tim Henson - Venture Commercial
- Seller's Representatives: David Davidson Jr, Edward Bogel & Ryan Turner - Davidson Bogel Real Estate
- Date of Transaction: 11/18/2024
- Address: intersection of FM 741 & Interstate 20
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
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