Updated Jun 4, 2025
GREA Represents Seller In Sale Of Sedona Apartments Multifamily In Abilene For 498 Units
2601 Nonesuch Road
Building Size
385,458 SF
Asset Type
MultiFamily
Closing
May 19, 2025
About this deal
AI
The asset involved in the transaction is Sedona Apartments, a multifamily property located at 2601 Nonesuch Road in Abilene. This property features 498 units within a total square footage of 385,458. The transaction represents the largest property sale from the 1970s in Texas secondary markets in the past year.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 2601 Nonesuch Road
- Market: Abilene
- Asset Size: 385,458 SF
- Brokers: Ryan Quaid & Sean Scott - Global Real Estate Advisors (GREA)
GREA represented the seller in this transaction and successfully procured the buyer. This sale is notable as it marks the fourth property sold in Abilene over the past year for Global Real Estate Advisors.
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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