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Nick Dhanani Of Dhanani Private Equity Group Acquires 289 Acres For Residential Development In Texas
SOLD
Texas
See Similar DealsLand
Sold 10/14/2024
SOLD
Nick Dhanani Of Dhanani Private Equity Group Acquires 289 Acres For Residential Development In Texas
Land
Sold 10/14/2024
Summary
Asset Type:Land
Transaction Type:Sale
The property asset involved in this transaction is a land parcel comprising 289 acres located at the intersection of Wernecke Road and Straznicky Road in Texas. The land is earmarked for a residential development, with plans to accommodate 1,000 homes featuring lot sizes between 40 and 50 feet.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Address: Wernecke Road & Straznicky Road
- Market: Texas
- Acres: 289
- Buyer: Nick Dhanani - Dhanani Private Equity Group
- Seller: Wendt Family
- Broker: Kirk Laguarta - Land Advisors Organization
- Projected construction start: 18 months
- Availability of lots: About four years
Nick Dhanani, representing Dhanani Private Equity Group, has engaged in this acquisition from the Wendt Family, with the brokerage services provided by Kirk Laguarta of Land Advisors Organization. This deal signifies a strategic investment aimed at enhancing residential options southwest of Houston.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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