Bain Capital Real Estate Acquires Multifamily Property In Georgetown
2401 Westinghouse Road, Georgetown, Texas 78626, United States
Building Size
—
Asset Type
MultiFamily
Closing
Mar 14, 2022
AI
A multifamily property with 210 units and sitting on 11.51 acres has been recently sold in Georgetown. The property is located at 2401 Westinghouse Rd.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Number of Units: 210
- Land Size: 11.51 acres
- Market: Georgetown
The buyer of the property is Bain Capital Real Estate & Capitol Seniors Housing. They acquired the property from Chalk Hill Ventures. The sale transaction was facilitated by brokers Ryan McBride, Joe Dowdle, Zach Rigby, and Sean Sorrell from JLL Capital Markets.
Players
Georgetown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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