Updated Dec 20, 2023
Waterton Acquires 360-Unit Multifamily Property In Pearland, Texas
12400 Shadow Creek Parkway, Pearland, TX 77584
Building Size
540,184 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
About this deal
AI
The multifamily property located at 12400 Shadow Creek Pky in Pearland has been sold. The transaction took place on December 22, 2021. The property spans over 27.5 acres and consists of 360 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 360
- Acres: 27.5
- Market: Pearland
- Sale Date: 12/22/2021
- Address: 12400 Shadow Creek Pky, Pearland
Waterton, represented by David Schwartz & Peter Vilim, acted as the buyer in this transaction.
Traded’s record for 12400 Shadow Creek Parkway, Pearland, TX 77584 in Pearland, Texas covers a multifamily sale from 2021. Reported inventory is 540,184 square feet across 360 units, or about 0 per square foot. This page is the Pearland, Texas file for the 12400 Shadow Creek Parkway, Pearland, TX 77584 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Pearland sit in the Market section below. Filter that Pearland multifamily set by closing date to see what else sold near 12400 Shadow Creek Parkway, Pearland, TX 77584 around 2021. Cite this Waterton Acquires 360-Unit Multifamily Property In Pearland, Texas sale when underwriting similar multifamily product around Pearland, Texas.
Players
Pearland 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