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1100 Graham Dr, Tomball, TX...

Rubio Investors Acquires Property At 1100 Graham Dr Tomball From Sentinel Capital Partners
SOLDMultiFamily

Rubio Investors Acquires Property At 1100 Graham Dr Tomball From Sentinel Capital Partners

1100 Graham Dr, Tomball, TX, 77375

Units

206

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

Bridgewater Apartments is a 206-unit workforce housing community located at 1100 Graham Dr, Tomball, TX 77375. Built in phases between 1979 and 1982, the property features one- and two-bedroom units ranging in size from 670 to 944 square feet. Amenities include a resident kitchen, clubroom, business center, pool, picnic areas with grilling stations, an enclosed pet park, and open green spaces. The market for this property is Tomball, Texas.

Summary of transaction details:

The transaction involved multiple representatives from Berkadia, with Joey Rippel acting as the broker for the deal. The financing for the acquisition was facilitated on behalf of the buyer, a partnership that includes Tranquility Capital, Abundance Equity Partners, and Rubio Investors. This collective effort underscores the collaborative nature of the transaction and the involvement of various real estate professionals in the deal.

Players

Chris Curry

Berkadia

Broker

30 deals

Broker
SP
Sentinel Peak Capital PartnersSeller

Tomball MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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