Marcus & Millichap Brokers Kent Myers & Nico Bianchi Facilitate 216-Unit Multifamily Sale In Rockport, Corpus Christi MSA
2400 Farm to Market Road 2165
Building Size
195,708 SF
Asset Type
MultiFamily
Closing
Jul 15, 2022
AI
The multifamily property located at 2400 FM2165 in Rockport, Corpus Christi MSA, has been sold. The property consists of 216 units with a total square footage of 195,708. The transaction took place on July 15, 2022, with Kent Myers and Nico Bianchi from Marcus & Millichap representing the parties involved.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 216
- Square Footage: 195,708
- Address: 2400 FM2165, Rockport, Corpus Christi MSA
The deal was facilitated by Kent Myers and Nico Bianchi, brokers from Marcus & Millichap. They played a key role in representing the buyers and sellers, ensuring a successful transaction for both parties involved.
Players
Rockport 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