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Fm 1488 Texas 77382, Usa

Oxland Group Acquires 1,860 Acres Of Land In Montgomery County From Regent Properties
SOLDLand

Oxland Group Acquires 1,860 Acres Of Land In Montgomery County From Regent Properties

Fm 1488 Texas 77382, Usa

Building Size

Asset Type

Land

Closing

Jul 20, 2023

AI

Oxland Group has acquired 1,860 acres of land in Montgomery County, Texas, from Regent Properties. The land will be developed into a residential master-planned community, featuring approximately 4,000 homes. This development aims to address the growing demand for diverse housing options in the area. The property is located north of FM 1488 and west of Fish Creek, benefitting from improved infrastructure connections to nearby areas.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: Not mentioned in the CONTEXT
  • Acres: 1,860
  • Address: North of FM 1488, west of Fish Creek
  • Market: Montgomery County

The buyer of the land is Oxland Group, represented by Tom Woliver. The seller is Regent Properties, with Hannah Soroudi as their representative in the deal.

Players

Regent Properties
Regent PropertiesSeller

Texas 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