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1450 League City Parkway

Cushman & Wakefield Brokers Sale Of 328-unit Amalfi At Tuscan Lakes Multifamily In League City
SOLDMultiFamily

Cushman & Wakefield Brokers Sale Of 328-unit Amalfi At Tuscan Lakes Multifamily In League City

1450 League City Parkway

Building Size

Asset Type

MultiFamily

Closing

Oct 6, 2023

AI

The sale of Amalfi at Tuscan Lakes, a 328-unit apartment community located at 1450 East League City Parkway in League City, a southeastern Houston suburb, has been brokered by Cushman & Wakefield, a global real estate services firm. The buyer and sales price for the transaction have not been disclosed.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Units: 328
  • Address: 1450 East League City Parkway
  • Market: League City

Cushman & Wakefield, represented by brokers John Carr, Jennifer Campbell, Ben Fuller, Josh Hoffman, Avery Klatt, Asher Hall, and Grant Raymond, facilitated the sale of Amalfi at Tuscan Lakes. The specific buyer and the exact sales price have not been revealed at this time.

Players

Grant Raymond

Cushman & Wakefield

Broker

$350M

vol

26 deals

Broker

League City 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