Sunsail Capital And ZaneCRE Acquire Multifamily Property In Humble
17571 West Lake Houston Parkway, Humble, Texas 77044, United States
Building Size
—
Asset Type
MultiFamily
Closing
Aug 3, 2022
AI
The multifamily property located at 17571 W Lake Houston Pky in Humble has been sold. The transaction took place on 08/04/2022. The property consists of 350 units and is part of the rental housing market in Humble.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 17571 W Lake Houston Pky
- Market: Humble
- Units: 350
The buyer of the property is Sunsail Capital, represented by Julia Bykhovskaia, along with ZaneCRE, represented by Iqbal "Ike" Mutabanna and Dustin Howard. The deal was facilitated by Zack Springer of Newmark acting as the broker for the sale. Purvesh Gosalia of Newmark served as the mortgage broker for the transaction.
Players
Humble MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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