Senior Living Investment Brokerage Sells 300-Unit Senior Housing Property In Houston
2501 Westerland Drive, Houston, Texas 77063, United States
Building Size
206,000 SF
Asset Type
—
Closing
Jun 23, 2022
AI
Senior Housing in Houston has been sold at 2501 Westerland Drive. The property consists of 300 units spanning 206,000 square feet on a 7.6-acre plot. The transaction took place on June 24, 2022.
Summary of Transaction Details
- Property Type: Senior Housing
- Transaction Amount: Not available
- Address: 2501 Westerland Drive
- Market: Houston
- Units: 300
- Square Footage: 206,000
- Acres: 7.6
The sale of this senior housing property was facilitated by Matthew Alley, Vince Viverito, Brad Goodsell, and Jason Punzel of Senior Living Investment Brokerage.
Players
Houston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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