Midway Acquires Multifamily Property In Houston, Texas With Buyer's Rep Jamie Bryant & Bo Sanford
150 Sabine Street, Houston, Texas 77007, United States
Building Size
—
Asset Type
MultiFamily
Closing
Sep 11, 2022
AI
The multifamily property located at 150 Sabine Street in Houston has been sold in a recent transaction. The property consists of 198 units and was sold by The Hanover Co. to Midway, represented by Jamie Bryant & Bo Sanford of Arc Capital Partners. The sale was facilitated by brokers Tom Fish & Jonathan Paine of Walker & Dunlop.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Date: 11/09/2022
- Address: 150 Sabine Street
- Market: Houston
- Units: 198
The buyer, Midway, was represented by Jamie Bryant & Bo Sanford from Arc Capital Partners. The seller, The Hanover Co., completed the transaction with the assistance of brokers Tom Fish & Jonathan Paine from Walker & Dunlop.
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