Weidner Apartment Homes Acquires Multifamily Property In Rowlett From Huffines Communities
11010 Harmony Hill Lane, Rowlett, Texas 75089, United States
Building Size
250,602 SF
Asset Type
MultiFamily
Closing
May 30, 2022
AI
The multifamily property located at 11010 Harmony Hill Ln in Rowlett has been sold in a recent transaction. The sale took place on 05/31/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
The buyer of the property is Weidner Apartment Homes, while the seller is Huffines Communities. The deal was facilitated by Kevin O’Boyle from CBRE, who represented the buyer in this transaction.
Players
Sachse 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