Updated Oct 28, 2024
Hazel Equity Acquires 261-Unit Multifamily Property In Houston From Lone Star Capital Group
13875 Ella Boulevard, Houston, TX 77014
Units
261
Asset Type
MultiFamily
Closing
Jan 20, 2022
About this deal
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
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