Updated Jan 30, 2024
Eagle Property Capital Acquires 438-Unit Multifamily Property In Houston
13050 Champions Park Drive, Houston, TX, USA
Building Size
1,140 SF
Asset Type
MultiFamily
Closing
Mar 18, 2021
About this deal
AI
A multifamily property located at 13222 Champions Centre Dr & 13050 Champions Park Dr in Houston has been sold. The transaction took place on March 19, 2021. The property consists of 438 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Date: 03/19/2021
- Address: 13222 Champions Centre Dr & 13050 Champions Park Dr, Houston
- Market: Houston
- Units: 438
The buyer of the property is Eagle Property Capital, represented by Gerardo Mahuad.
Traded’s record for 13050 Champions Park Drive, Houston, TX, USA in Houston, Texas covers a multifamily sale from 2021. Reported inventory is 1,140 square feet across 438 units, or about 0 per square foot. This page is the Houston, Texas file for the 13050 Champions Park Drive, Houston, TX, USA 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 13050 Champions Park Drive, Houston, TX, USA around 2021. Cite this Eagle Property Capital Acquires 438-Unit Multifamily Property In Houston 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