SOLDMixed-use
Colliers Acquires 191 Acres Of Land In Richmond, TX With Brokers Chris Hutcheson, James Kadlick & Harrison Kane
7222 Pleak Road, Richmond, Texas 77469, United States
Building Size
—
Asset Type
Mixed-use
Closing
Oct 13, 2022
AI
A 191-acre land located at 7222 Pleak Road in Richmond, TX has been sold. The transaction took place on October 14, 2022.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Location: Richmond, TX
- Size: 191 acres
Colliers represented the parties involved in the transaction. The brokers handling the deal were Chris Hutcheson, James Kadlick, and Harrison Kane.
Players
Richmond Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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