Updated Oct 28, 2024
CEG Multifamily Acquires 288-Unit Multifamily Property In Conroe From Thompson Thrift
300 Town Park Drive, Conroe, Texas 77304, United States
Units
288
Asset Type
MultiFamily
Closing
Sep 5, 2022
About this deal
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.
Traded’s record for 300 Town Park Drive, Conroe, Texas 77304, United States in Conroe, Texas covers a multifamily sale from 2022. Reported inventory is 288 units across 288 units. Josh Purvis, Walker & Dunlop appear on the sale alongside Walker & Dunlop. This page is the Conroe, Texas file for the 300 Town Park Drive, Conroe, Texas 77304, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Conroe sit in the Market section below. Filter that Conroe multifamily set by closing date to see what else sold near 300 Town Park Drive, Conroe, Texas 77304, United States around 2022. Cite this CEG Multifamily Acquires 288-Unit Multifamily Property In Conroe From Thompson Thrift sale when underwriting similar multifamily product around Conroe, Texas.
Players
Conroe MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily sales on Traded.
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