Updated Sep 9, 2024
Coldwell Banker Commercial Capital Advisors Acquires Multifamily Property In Lubbock
3001 S Loop 289, Lubbock,Texas 79423, USA
Units
100
Asset Type
MultiFamily
Closing
Jan 13, 2023
About this deal
AI
A multifamily property in Lubbock, located at 3001 S Loop 289, has been sold. The transaction took place on 01/13/2023. The property spans across 3.5 acres and consists of 100 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3001 S Loop 289, Lubbock
- Market: Lubbock
- Units: 100
- Acres: 3.5
The sale of this multifamily property was facilitated by Chase Tucker and Taylor Tucker from Coldwell Banker Commercial Capital Advisors.
Traded’s record for 3001 S Loop 289, Lubbock,Texas 79423, USA in Lubbock, Texas covers a multifamily sale from 2023. Reported inventory is 100 units across 100 units. Taylor Tucker, Chase Tucker, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Lubbock, Texas file for the 3001 S Loop 289, Lubbock,Texas 79423, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Lubbock sit in the Market section below. Filter that Lubbock multifamily set by closing date to see what else sold near 3001 S Loop 289, Lubbock,Texas 79423, USA around 2023. Cite this Coldwell Banker Commercial Capital Advisors Acquires Multifamily Property In Lubbock sale when underwriting similar multifamily product around Lubbock, Texas.
Players
Lubbock 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