Updated Dec 4, 2024
Paul Coonrod's Pagewood Acquires 152-Unit Multifamily Property In Houston With Amegy Bank Financing
14150 Tomball Parkway
Units
152
Asset Type
MultiFamily
Closing
Jan 10, 2024
About this deal
AI
Houston developer Pagewood has purchased the 152-unit Costa Mesa apartment complex in northwest Houston. The property, located at 14150 Tomball Parkway, underwent a value-add program after the acquisition. The seller and sales price have not been disclosed.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 152
- Address: 14150 Tomball Parkway
- Market: Houston
Pagewood, represented by Paul Coonrod from the agency Pagewood, acquired the property with acquisition financing from Amegy Bank.
Traded’s record for 14150 Tomball Parkway in Houston, Texas covers a multifamily sale from 2024. Reported inventory is 152 units across 152 units. Named participants on the 14150 Tomball Parkway sale are Paul Coonrod. This page is the Houston, Texas file for the 14150 Tomball Parkway 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 14150 Tomball Parkway around 2024. Cite this Paul Coonrod's Pagewood Acquires 152-Unit Multifamily Property In Houston With Amegy Bank Financing sale when underwriting similar multifamily product around Houston, Texas.
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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