SOLDMixed-use
Alison Commercial Group Acquires 191 Acres Of Mixed-Use Land In Rosenberg, TX
Pleak Rd, Rosenberg, TX
Building Size
191 SF
Asset Type
Mixed-use
Closing
Sep 22, 2022
About this deal
AI
Sold 191 acres of land located at 7222 Pleak Road in Rosenberg, TX. The property is a mixed-use asset and was closed on 09/22/2022. The transaction took place in the fastest-growing Fort Bend County.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Address: 7222 Pleak Road, Rosenberg, TX
- Market: Rosenberg, TX
- Acres: 191
The buyer's representative, Imtiaz Ali from Alison Commercial Group - KW Commercial, represented the buyer in the successful 1031 Exchange. They facilitated the sale of the 191-acre land in Fort Bend County.
Players
Richmond Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
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