Updated Dec 19, 2023
Sentinel Real Estate Corporation Acquires Multifamily Property In Houston For 324 Units
3000 Sage Road, Houston, TX 77056
Building Size
1,698 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
About this deal
AI
The multifamily property located at 3000 Sage Rd in Houston has been sold. The property consists of 324 units and was sold on November 5, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Address: 3000 Sage Rd, Houston
- Market: Houston
- Units: 324
Sentinel Real Estate Corporation, represented by Michael Streicker, acted as the buyer in this transaction.
Traded’s record for 3000 Sage Road, Houston, TX 77056 in Houston, Texas covers a multifamily sale from 2021. Reported inventory is 1,698 square feet across 324 units, or about 0 per square foot. This page is the Houston, Texas file for the 3000 Sage Road, Houston, TX 77056 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 3000 Sage Road, Houston, TX 77056 around 2021. Cite this Sentinel Real Estate Corporation Acquires Multifamily Property In Houston For 324 Units sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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