Updated Oct 28, 2024
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
About this deal
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.
Traded’s record for 10250 Lands End Dr, Houston, TX 77099, USA in Houston, Texas covers a multifamily sale from 2021. Reported inventory is 95,000 square feet across 144 units, or about 0 per square foot. J. Todd Stewart, Chip Nash, Bob Heard, Colliers appear on the sale alongside Colliers. This page is the Houston, Texas file for the 10250 Lands End Dr, Houston, TX 77099, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 10250 Lands End Dr, Houston, TX 77099, USA around 2021. Cite this Gibby’s Capital Investments Acquires Multifamily Property In Houston sale when underwriting similar multifamily product around Houston, Texas.
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