facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

2338 Harvey Mitchell Pkwy S...

Updated Oct 29, 2024

2338 Harvey Mitchell Pkwy S
SOLDMultiFamily

2338 Harvey Mitchell Pkwy S

2338 Harvey Mitchell Pkwy S, College...

Units

340

Asset Type

MultiFamily

Closing

Nov 19, 2023

About this deal

AI

The property asset involved in the transaction is the Encino Trace Apartments, located at 2338 Harvey Mitchell Pkwy S, College Station, Texas. This community consists of 340 units and offers one- and two-bedroom floor plans. The apartments feature stainless steel appliances, quartz countertops, brushed nickel hardware, simulated wood and ceramic tile flooring, full-size washers and dryers, walk-in closets, private patios, and balconies. Communal amenities include a pool with a tanning ledge and outdoor kitchen, poolside lounge and fire pit, a dog park, fitness center, and a clubhouse.

Summary of transaction details:

Will Balthrope, Drew Garza, and Jennifer Campbell of Institutional Property Advisors, a division of Marcus & Millichap, brokered the deal on behalf of the seller, Koontz Corp. The buyer, SB Pacific Group LLC, is based in California. This transaction involved a specialized team to facilitate the sale of the Encino Trace Apartments.

On the Map

Open live map

MultiFamily

View full map

Players

Drew Garza

Institutional Property Advisors

Broker

$130.6M

vol

38 deals

Broker
Bilt advertisement

Sweetwater MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

Visit Jennifer Campbell to view all their deals.

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

More Deals

Nearby Markets