Updated Oct 28, 2024
Elevate Commercial Investment Group Acquires Mesquite Multifamily For $UndisclosedM
2301 Bamboo Street, Mesquite, Texas 75150, United States
Units
190
Asset Type
MultiFamily
Closing
May 4, 2022
About this deal
AI
The multifamily property located at 2301 Bamboo Street in Mesquite has been sold. The transaction took place on 05/05/2022, and the property consists of 190 units. The sale was facilitated by Doug Banerjee, Jack Stone, and Andrew Mueller from Greysteel, who represented Elevate Commercial Investment Group as the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2301 Bamboo Street, Mesquite
- Market: Mesquite
- Units: 190
Elevate Commercial Investment Group purchased the property, with representation from Doug Banerjee, Jack Stone, and Andrew Mueller of Greysteel as their brokers.
Players
Mesquite 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