SOLD
Hines Acquires 954 Acres Of Land In Iowa Colony, Texas
Western Side Of State Highway 288
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Sold 04/13/2023
Summary
TEXAS
Asset Type:Land
Transaction Type:Sale
The asset involved in the transaction is a parcel of land located on the western side of State Highway 288 in Iowa Colony, Texas, encompassing an area of 954 acres.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not disclosed
- Address: Western Side of State Highway 288
- Market: Iowa Colony, Texas
- Buyers: Hines - Carson Nunnelly; Trez Capital
- Buyer's Representative: Derek Graber - Dosch Marshall Real Estate
- Seller's Representatives: David Cook & Meredith Cullen - Cushman & Wakefield
- Lender: Flagstar Bank & Rocky Lai & Associates
Key individuals involved in the transaction include Carson Nunnelly from Hines and Derek Graber representing the buyers, while David Cook and Meredith Cullen represent the sellers through Cushman & Wakefield, facilitating the negotiation and finalization of the deal.
Players
BROKERAGE
BUYER
BUYER
LENDER
Details
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Deal Type
30 years
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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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