Northland Acquires Multifamily Asset From RoseRock At 1025 Zenyatta Drive In Waco
1025 Zenyatta Dr
Building Size
166,613 SF
Asset Type
MultiFamily
Closing
Aug 12, 2025
AI
The transaction involves a multifamily property located at 1025 Zenyatta Drive - Walker Place at Moonlight Park in Waco. The asset consists of 98 units and encompasses a total square footage of 166,613. The transaction was completed on 08/12/2025.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 98
- Square Footage: 166,613
- Address: 1025 Zenyatta Drive - Walker Place at Moonlight Park
- Market: Waco
- Buyer: Northland
- Seller: RoseRock
- Brokers: Richard Waterhouse III & Andrew Kopenec - Matthews Real Estate Investment Services
The deal involved Northland as the buyer and RoseRock as the seller, facilitated by brokers Richard Waterhouse III and Andrew Kopenec from Matthews Real Estate Investment Services.
Players
Hewitt 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93