Updated Sep 9, 2024
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
About this deal
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.
On the Map
MultiFamily
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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