Equus Capital Partners Acquires Multifamily Property In Humble For $53.25M
SOLD
$53,250,000
Texas
See Similar DealsMultiFamily1,980 SF
Sold 06/22/2020
SOLD
Equus Capital Partners Acquires Multifamily Property In Humble For $53.25M
16848 West Lake Houston Parkway, Humble, TX 77346
See Similar DealsMultiFamily1,980 SF
Sold 06/22/2020
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$26,893
Total Square Footage:1,980 SF
Transaction Type:Sale
Multifamily property located at 16848 W Lake Houston Pkwy in Humble was sold for $53,250,000. The transaction took place on June 22nd, 2021. The property consists of 320 units, with a price per unit of $166,406.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $53,250,000
- Date: 06/22/2021
- Address: 16848 W Lake Houston Pkwy
- Market: Humble
Martin Fein Interests sold the property to Equus Capital Partners represented by Daniel M. DiLella.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,839,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$189,186.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$252,432.17
Annual Debt Service$3,029,186.00
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