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
Killeen 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