SOLDMultiFamily
Marcus & Millichap Brokers Kent Myers & Nico Bianchi Facilitate Sale Of 155-Unit Multi Family Property In Aransas Pass At 2255 McMullen Ln To Undisclosed Buyer
2255 Mcmullen Lane
Building Size
244,528 SF
Asset Type
MultiFamily
Closing
Jul 15, 2022
AI
A multi-family property located at 2255 McMullen Ln in Aransas Pass has been sold in a closed transaction. The property consists of 155 units and spans a total of 244,528 square feet. The transaction date is recorded as July 15, 2022.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: Not available
- Address: 2255 McMullen Ln, Aransas Pass
- Market: Aransas Pass
- Number of Units: 155
- Total Square Feet: 244,528
Kent Myers and Nico Bianchi, representing Marcus & Millichap, acted as the brokers in this transaction.
Players
Aransas Pass 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