Updated Dec 20, 2023
Northland Acquires Multifamily Property In Waco, TX
2400 Corporation Parkway, Waco, Texas 76712, United States
Units
300
Asset Type
MultiFamily
Closing
Jan 25, 2022
About this deal
AI
2400 Corporation Pkwy, a multifamily property located in Waco, TX, has been sold in a recent transaction. The property spans across 17 acres and consists of 300 residential units. The sale took place on January 26, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 300
- Acres: 17
- Address: 2400 Corporation Pkwy, Waco, TX
- Market: Waco, TX
The buyer of 2400 Corporation Pkwy is Northland, represented by Mike Campbell.
Traded’s record for 2400 Corporation Parkway, Waco, Texas 76712, United States in Waco, Texas covers a multifamily sale from 2022. Reported inventory is 300 units across 300 units. This page is the Waco, Texas file for the 2400 Corporation Parkway, Waco, Texas 76712, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Waco sit in the Market section below. Filter that Waco multifamily set by closing date to see what else sold near 2400 Corporation Parkway, Waco, Texas 76712, United States around 2022. Cite this Northland Acquires Multifamily Property In Waco, TX sale when underwriting similar multifamily product around Waco, Texas.
Players
Waco 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