Marcus & Millichap Sells 16-Unit Multifamily Asset At 1211 Sorrel Creek Drive In Canyon Lake
1211 Sorrel Creek Drive
Building Size
13,600 SF
Asset Type
MultiFamily
Closing
Jul 10, 2025
AI
The property asset involved in this transaction is a multifamily building located at 1211 Sorrel Creek Drive in the Canyon Lake market. The asset comprises 16 units and offers a total square footage of 13,600.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1211 Sorrel Creek Drive
- Market: Canyon Lake
- Units: 16
- Square Footage: 13,600
- Brokers: Ben Kalter & Drew Garza
- Agency: Institutional Property Advisors - Marcus & Millichap
Ben Kalter and Drew Garza served as the brokers representing the transaction, providing their expertise through Institutional Property Advisors, which is affiliated with Marcus & Millichap.
Players
Canyon Lake 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