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2601 Nonesuch Road

GREA Represents Seller In Sale Of Sedona Apartments Multifamily In Abilene For 498 Units
SOLDMultiFamily

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

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.

Players

Ryan Quaid

Global Real Estate Advisors (GREA)

Broker

$120M

vol

4 deals

Broker

Abilene 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