Alfa TX Investment Group Acquires Multifamily Property In Houston
12800 Dunlap St, Houston, TX 77085, USA
Building Size
188,220 SF
Asset Type
MultiFamily
Closing
Nov 4, 2020
AI
The multifamily property located at 12800 Dunlap Street in Houston has been sold in a recent transaction. Spanning across 188,220 square feet, the property offers a substantial investment opportunity in the Houston market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified in the CONTEXT
The property was sold by Sentinel Capital, with the buyer being Alfa TX Investment Group. The sale was facilitated by the renowned brokerage firm JLL Capital Markets, represented by Joey Rippel, Chris Young, and Kyle Whitney.
Players
Houston 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