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15335 Park Row, Houston, Te...

Bascom Group Acquires Multifamily Property In Houston And Pearland, TX
SOLDMultiFamily

Bascom Group Acquires Multifamily Property In Houston And Pearland, TX

15335 Park Row, Houston, Texas 77084, United States

Building Size

Asset Type

MultiFamily

Closing

Dec 21, 2021

AI

The Bascom Group has acquired a multifamily property consisting of 602 units located at 15335 Park Row and 2800 Tranquility Lake Blvd in Houston and Pearland, TX. The transaction took place on 12/21/2021. The property is situated in a desirable market and offers a significant number of residential spaces.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not mentioned
  • Units: 602
  • Market: Houston & Pearland, TX

Clint Duncan and Matt Phillips, along with James D'Argenio and Chang Liu from CBRE, represented the Bascom Group as brokers in this deal. Their expertise and negotiation skills were crucial in facilitating the successful transaction.

Players

Matt Philips

CBRE

Broker

3 deals

Broker
BG
Bascom GroupBuyer

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