LYND Acquires 684-Unit Multifamily Property In Humble & Porter For $84M
21899 Valley Ranch Crossing Drive, Porter, TX 77365, USA
$84,000,000
$20,573/SF
Building Size
4,083 SF
Asset Type
MultiFamily
Closing
Jul 1, 2020
AI
Adam David Lynd has shared a photo on Instagram (posted on July 1st, 2021) that showcases a closed property transaction. The property is located at 200 Kellington Dr N & 21899 Valley Ranch Crossing Dr in the Humble & Porter market. It is a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $84,000,000
- Address: 200 Kellington Dr N & 21899 Valley Ranch Crossing Dr
- Market: Humble & Porter
The seller in this transaction was Sy Li. The buyer, representing LYND, was Adam David Lynd.
The property consists of 684 units, with a price per unit (PPU) of $122,807.
Players
Porter 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93