Updated Oct 29, 2024
REEP Acquires 174-Unit MultiFamily Property In Spring From Western Wealth
16339 Stuebner Airline Road
Building Size
301,108 SF
Asset Type
MultiFamily
Closing
Jan 1, 2023
About this deal
AI
A multi-family property located at 16339 Stuebner Airline Road in Spring has been sold. The property consists of 174 units with a total square footage of 301,108. The transaction was completed on 01/01/2023.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: Not Provided
- Address: 16339 Stuebner Airline Road
- Market: Spring
- Units: 174
- Square Footage: 301,108
The buyer of the property was REEP, while Western Wealth acted as the seller. The transaction was facilitated by Ryan Gregory from JLL.
Traded’s record for 16339 Stuebner Airline Road in Texas covers a multifamily sale from 2023. Reported inventory is 301,108 square feet across 174 units, or about 0 per square foot. This page is the Texas file for the 16339 Stuebner Airline Road multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Texas sit in the Market section below. Filter that local multifamily set by closing date to see what else sold near 16339 Stuebner Airline Road around 2023. Cite this REEP Acquires 174-Unit MultiFamily Property In Spring From Western Wealth sale when underwriting similar multifamily product around Texas.
Players
Market 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