SOLDMultiFamily
Coldwell Banker Commercial Capital Advisors Acquires Multifamily Property In Lubbock
3001 S Loop 289, Lubbock,Texas 79423, USA
Building Size
—
Asset Type
MultiFamily
Closing
Jan 13, 2023
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.
Players
Lubbock 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