Colliers Represents Sale Of 252-Unit Green Arbor Apartments In Houston For Unspecified Price
10601 Sabo Road
Building Size
—
Asset Type
MultiFamily
Closing
Jul 3, 2025
AI
The transaction involved a multifamily asset located at 10601 Sabo Road in Houston, consisting of 252 units spread across 8.7 acres. The property includes various unit types and amenities such as pools and a playground.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: undisclosed
- Units: 252
- Acres: 8.7
- Address: 10601 Sabo Road
- Market: Houston
- Brokers: Chip Nash, Bob Heard & Jaleel Adatia - Colliers
Colliers facilitated the sale of Green Arbor Apartments, representing the property's seller. The specific details regarding the buyer and the sale price remain undisclosed.
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