Saqif Noor, Rebecca Jtran & Jake Gluck Acquire Multifamily Asset In Lake Jackson For 230 Units
514 That Way, Lake Jackson, TX 77566, USA
Building Size
248,000 SF
Asset Type
—
Closing
Nov 30, 2022
About this deal
AI
The property asset involved in this transaction is a multifamily asset located at 514 That Way, Lake Jackson, TX. The asset encompasses a total of 230 units, covering a square footage of 248,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 514 That Way
- Market: Lake Jackson, TX
- Units: 230
- Square Footage: 248,000
- Buyer: Saqif Noor, Rebecca Jtran & Jake Gluck
The key individuals involved in the deal are Saqif Noor, Rebecca Jtran, and Jake Gluck, who are the buyers of the multifamily property. No broker or agency details were provided for this transaction.
On the Map
Players
Lake Jackson CRE Market Snapshot
Boundary boundary · CRE · 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