Updated Dec 20, 2023
Hamilton Zanze Acquires Kemah Multifamily Property With David Nelson As Buyer's Rep
1420 Marina Bay Drive, Kemah, Texas 77565, United States
Units
200
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
1420 Marina Bay Dr in Kemah has been sold in a recent transaction. The multifamily property consists of 200 units and is located in a desirable location. The transaction took place on 06/07/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Address: 1420 Marina Bay Dr, Kemah
- Market: Kemah
- Units: 200
Hamilton Zanze was the buyer in this transaction. Representing Hamilton Zanze was David Nelson.
Traded’s record for 1420 Marina Bay Drive, Kemah, Texas 77565, United States in Kemah, Texas covers a multifamily sale from 2022. Reported inventory is 200 units across 200 units. This page is the Kemah, Texas file for the 1420 Marina Bay Drive, Kemah, Texas 77565, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Kemah sit in the Market section below. Filter that Kemah multifamily set by closing date to see what else sold near 1420 Marina Bay Drive, Kemah, Texas 77565, United States around 2022. Cite this Hamilton Zanze Acquires Kemah Multifamily Property With David Nelson As Buyer's Rep sale when underwriting similar multifamily product around Kemah, Texas.
Players
Kemah 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