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Chrismas Interests LLC Acquires 17.67-Acre Land In Tomball Business Park, Tomball
SOLDLand

Chrismas Interests LLC Acquires 17.67-Acre Land In Tomball Business Park, Tomball

Tomball

Building Size

Asset Type

Land

Closing

Jun 7, 2023

AI

Tomball Economic Development Corporation has sold a 17.67-acre property located at the NWC Quadrant of Holderrieth and Hufsmith-Kohrville in Tomball Business & Technology Park. The land was purchased by Chrismas Interests LLC for the development of Walsh & Albert and Metal Zinc facilities. The property is situated in the thriving business community of Tomball, contributing to job creation and capital investment.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: Not provided
  • Address: NWC Quadrant Holderrieth & Hufsmith-Kohrville, Tomball
  • Market: Tomball
  • Asset Type: Land
  • Acreage: 17.67 acres

Will Condrey from Cresa Global, Inc represented Chrismas Interests LLC as their buyer's representative in the transaction. The seller, Tomball Economic Development Corporation, was represented by Tom Condon, Jr. and John Grimsley from Colliers. The success of Tomball Business & Technology Park in attracting businesses has contributed to the growth of Tomball as a thriving business community.

Players

Will Condrey

Cresa

Broker

2 deals

Broker
TC
Tomball Economic Development Corporation (TEDC)Seller

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