Rosenberg BP Partners Acquires 12-Acre Land In Rosenberg Business Park
Building Size
—
Asset Type
Land
Closing
May 2, 2024
AI
Rosenberg Business Park, located in Rosenberg, was the site of a recent transaction involving the sale of a 12-acre parcel of land. The property offers excellent connectivity to I-69 via FM 2218, full utility access, and a deed-restricted business park environment suitable for industrial activities.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Address: Rosenberg Business Park
- Market: Rosenberg
- Asset Type: Land
- Acres: 12
Rosenberg BP Partners, an industrial user, acquired the 12-acre parcel in Rosenberg Business Park. The buyer plans to use part of the land for their business operations and may develop or sell the remaining portion. Faaiz Momin from MS Realty Advisors represented the buyer, while Barkley Peschel of Colliers International represented the seller, Sienvironmental, in this transaction.
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