Gabriel M. Hall Purchases Townhome Property From BRD Development LLC For $3.4M In Spring Valley
9039 Meghan Court
$3,395,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 5, 2025
AI
The transaction involved a townhome asset consisting of five units located at 9031-9039 Meghan Court in the Spring Valley market. The sale price was $3,395,000, which equates to a price per unit of $679,000. This newly built property was sold by BRD Development LLC to Gabriel M. Hall, reflecting a successful transaction with strong investor interest.
Summary of transaction details:
- Property Type: Townhome
- Transaction Amount: $3,395,000
- Units: 5
- Price Per Unit: $679,000
- Buyer: Gabriel M. Hall
- Seller: BRD Development LLC
- Buyer's Representative: The Pollard Company
- Seller's Representatives: Austin Ray Huffman & Wyatt Darien - Zorbas Huffman Group - Marcus & Millichap
This transaction was notably brokered by Marcus & Millichap, which facilitated the full-price, no-concessions deal, marking a record price per unit in the Spring Valley submarket, showcasing the robust demand amongst investors.
Players
Spring Valley MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93