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13875 Ella Boulevard, Houst...

Hazel Equity Acquires 261-Unit Multifamily Property In Houston From Lone Star Capital Group
SOLDMultiFamily

Hazel Equity Acquires 261-Unit Multifamily Property In Houston From Lone Star Capital Group

13875 Ella Boulevard, Houston, TX 77014

Building Size

Asset Type

MultiFamily

Closing

Jan 20, 2022

AI

The multifamily property located at 13875 Ella Blvd in Houston has been sold in a recent transaction. The property consists of 261 units and was part of a sale facilitated by Colliers. The transaction took place on January 20, 2022, with Hazel Equity as the buyer and Lone Star Capital Group as the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Address: 13875 Ella Blvd
  • Market: Houston
  • Units: 261

Colliers played a significant role in the deal, with brokers Bob Heard, Teresa Lowery, Todd Stewart, Chip Nash, Cindy Cooke, Brad Cooke, Chris Roach, and Matt Roach representing both the buyer and the seller. Their expertise and negotiation skills were essential in ensuring a successful transaction for all parties involved.

Players

Chip Nash

Colliers

Broker

21 deals

Broker
LG
Lone Star Capital GroupSeller

Houston 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