DLP Capital Acquires Mixed-Use Property With 297 Units In Houston
920 Westcott Street, Houston, Texas 77007, United States
Units
297
Asset Type
Mixed-use
Closing
Sep 13, 2022
About this deal
AI
The mixed-use property located at 920 Westcott St. in Houston has been sold in a recent transaction. The property comprises 297 units and is situated in a prime location.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Date: 09/14/2022
- Market: Houston
- Units: 297
The buyer of the property is DLP Capital represented by Don Wenner and ORP Investments represented by Raj Sarangam.
Traded’s record for 920 Westcott Street, Houston, Texas 77007, United States in Houston, Texas covers a mixed use sale from 2022. Reported inventory is 297 units across 297 units. This page is the Houston, Texas file for the 920 Westcott Street, Houston, Texas 77007, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Houston sit in the Market section below. Filter that Houston mixed use set by closing date to see what else sold near 920 Westcott Street, Houston, Texas 77007, United States around 2022. Cite this DLP Capital Acquires Mixed-Use Property With 297 Units In Houston sale when underwriting similar mixed use product around Houston, Texas.
Players
Houston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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