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2401 Westinghouse Road, Geo...

Bain Capital Real Estate Acquires Multifamily Property In Georgetown
SOLDMultiFamily

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

Sean Sorrell

JLL

Broker

$33M

vol

4 deals

Broker
Bain Capital
Bain CapitalBuyer
Bain Capital
Bain CapitalLender

Georgetown 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