Updated Dec 20, 2024
Viking Capital Acquires Multifamily Asset At 168 Verbana Drive From Mark Christ & Ryan Heddleston
168 Verbana Drive
Building Size
210,154 SF
Asset Type
MultiFamily
Closing
Dec 16, 2024
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 168 Verbana Drive in the Waxahachie market. The asset consists of 114 units and encompasses a total square footage of 210,154.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 114
- Square Footage: 210,154
- Buyer: Viking Capital
- Seller: Mark Christ & Ryan Heddleston - VaultCap
- Broker Representatives: Taylor Snoddy, Eric Stockley & Charles Hubbard - NorthMarq
- Transaction Date: 12/16/2024
The key individuals involved in this transaction include Viking Capital as the buyer, and Mark Christ & Ryan Heddleston representing VaultCap as the seller. The transaction was brokered by Taylor Snoddy, Eric Stockley, and Charles Hubbard from NorthMarq.
Players
Waxahachie 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