SOLDOther
D.R. Horton Acquires Land In Denton With Brokers David Hinson & Tom Grunnah
Vintage Blvd, Denton, TX 76226, USA
Building Size
2,308,680 SF
Asset Type
Other
Closing
Nov 30, 2020
AI
D.R. Horton has acquired a 2,308,680 square foot land located on S. Bonnie Brae Street, east of I-35W and south of Vintage Blvd, in Denton. The transaction was closed by brokers David Hinson and Tom Grunnah of Younger Partners.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not mentioned
- Market: Denton
- Address: S. Bonnie Brae Street, east of I-35W and south of Vintage Blvd
David Hinson and Tom Grunnah of Younger Partners represented D.R. Horton in the acquisition of the land in Denton.
Players
Denton Other Market Snapshot
Boundary boundary · Other · 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