CEG Multifamily Acquires 288-Unit Multifamily Property In Conroe From Thompson Thrift
300 Town Park Drive, Conroe, Texas 77304, United States
Building Size
—
Asset Type
MultiFamily
Closing
Sep 5, 2022
AI
A multifamily property located at 300 Town Park Dr. in Conroe has been sold. The property consists of 288 units and was sold on 09/06/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 300 Town Park Dr.
- Market: Conroe
- Units: 288
The buyer of the property is CEG Multifamily, while the seller is Thompson Thrift represented by Josh Purvis. Jennifer Ray from Walker & Dunlop acted as the seller's representative in this transaction.
Players
Conroe 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