Better World Holdings & Crown Capital Ventures Acquire Multifamily Property In Houston For $49.1M
SOLD
$49,100,000
Texas
See Similar DealsMultiFamily423,240 SF
Sold 11/18/2021
SOLD
Better World Holdings & Crown Capital Ventures Acquire Multifamily Property In Houston For $49.1M
1110 El Camino Village Drive, Houston, TX, USA
See Similar DealsMultiFamily423,240 SF
Sold 11/18/2021
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$116
Total Square Footage:423,240 SF
Transaction Type:Sale
The multifamily property located at 1110 El Camino Village Drive in Houston was recently sold for a price of $49,100,000. The property spans a total of 423,240 square feet, resulting in a price per square foot of $116. This transaction took place on November 18, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $49,100,000
- Address: 1110 El Camino Village Drive, Houston
- Market: Houston
- Buyer: Better World Holdings & Crown Capital Ventures - Shia Grunzweig
Shia Grunzweig, representing Better World Holdings & Crown Capital Ventures, was the buyer in this transaction. The sale of this multifamily property showcases the active real estate market in Houston.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,618,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$174,441.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$232,759.05
Annual Debt Service$2,793,108.60
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