SOLDMultiFamily
Gibby’s Capital Investments Acquires Multifamily Property In Houston
10250 Lands End Dr, Houston, TX 77099, USA
Building Size
95,000 SF
Asset Type
MultiFamily
Closing
Nov 11, 2021
AI
Located at 10250 Lands End in Houston, this multifamily property encompasses 144 units and spans across 95,000 square feet. The transaction took place on November 11, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Houston
- Units: 144
- Square Footage: 95,000
Leading the transaction was Gibby's Capital Investments as the buyer. Representing the deal were Bob Heard, Chip Nash, and J. Todd Stewart from Colliers.
Players
Houston 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