Updated Nov 24, 2023
37th Parallel Properties Acquires Multifamily Property In Katy With Chad Doty & Dan Chamberlain
22101 Grand Corner Drive, Katy, Texas 77494, United States
Units
291
Asset Type
MultiFamily
Closing
Jan 27, 2023
About this deal
AI
Located at 22101 Grand Corner Dr in Katy, this multifamily property recently underwent a successful sale transaction. The property consists of 291 units, offering a diverse range of living options for residents.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 22101 Grand Corner Dr
- Market: Katy
- Units: 291
The buyer of this property is 37th Parallel Properties, represented by Chad Doty and Dan Chamberlain. Their involvement in the deal showcases their expertise in the real estate industry and highlights their commitment to expanding their property portfolio.
Players
Katy 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