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1100 Willow Springs Rd, Kil...

Vista Pacific Inc Acquires Property From Rhodium Capital Advisors With Jon Krebbs As Buyer's Rep
SOLDMultiFamily

Vista Pacific Inc Acquires Property From Rhodium Capital Advisors With Jon Krebbs As Buyer's Rep

1100 Willow Springs Rd, Killeen, TX, 7...

Units

232

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

The Springs at 1100 is a 232-unit apartment community located at 1100 Willow Springs Rd, Killeen, TX. Built in 1983, the property features one-, two-, and three-bedroom units with an average size of 715 square feet. It is equipped with amenities including two pools, a playground, a dog park, and onsite laundry facilities. The property was 98 percent occupied at the time of sale.

Summary of transaction details:

  • Property Type: Apartment Community
  • Transaction Amount: Not disclosed
  • Address: 1100 Willow Springs Rd, Killeen, TX
  • Market: Killeen
  • Buyer: Vista Pacific Inc
  • Seller: Rhodium Capital Advisors
  • Buyer's Representative: Jon Krebbs - The Multifamily Group
  • Seller's Representative: Paul Yazbeck - The Multifamily Group

Jon Krebbs of The Multifamily Group represented the buyer, Vista Pacific Inc, in this transaction. Paul Yazbeck, also with The Multifamily Group, was the representative for the seller, Rhodium Capital Advisors. The brokerage firm, based in Dallas, facilitated the deal, demonstrating its capability in managing multifamily transactions in the Central Texas market.

Players

Paul Yazbeck

The Multifamily Group

Broker

16 deals

Broker
VI
Vista Pacific Inc.Buyer
RA
Rhodium Capital AdvisorsSeller

Killeen 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