Updated Jan 30, 2024
Civitas Capital Group Acquires Multifamily Property In Houston With Rootvik Patel
11800 City Park Central Lane, Houston, Texas 77047, United States
Building Size
211,288 SF
Asset Type
MultiFamily
Closing
Mar 16, 2022
About this deal
AI
A multifamily property located at 11800 City Park Central Ln in Houston has been sold. The property consists of 240 units and was sold on 03/17/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: N/A (Not mentioned in the CONTEXT)
- Address: 11800 City Park Central Ln
- Market: Houston
- Units: 240
The buyer of this property is Civitas Capital Group, represented by Rootvik Patel.
Traded’s record for 11800 City Park Central Lane, Houston, Texas 77047, United States in Houston, Texas covers a multifamily sale from 2022. Reported inventory is 211,288 square feet across 240 units, or about 0 per square foot. This page is the Houston, Texas file for the 11800 City Park Central Lane, Houston, Texas 77047, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 11800 City Park Central Lane, Houston, Texas 77047, United States around 2022. Cite this Civitas Capital Group Acquires Multifamily Property In Houston With Rootvik Patel sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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