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Michael Sabo Of 3 Points Realty Partners Acquires 392-Unit Multifamily In Baytown From Sridhar Sannidhi

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SOLD

Texas

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MultiFamily
Sold 07/08/2025
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SOLD

Michael Sabo Of 3 Points Realty Partners Acquires 392-Unit Multifamily In Baytown From Sridhar Sannidhi

305 West Baker Road

See Similar Deals
MultiFamily
Sold 07/08/2025
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in the transaction is a multifamily complex located at 305 West Baker Road in Baytown, Texas. The asset consists of 392 units situated on 10 acres.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Address: 305 West Baker Road
  • Market: Baytown
  • Units: 392
  • Acres: 10
  • Buyer: Michael Sabo - 3 Points Realty Partners
  • Seller: Sridhar Sannidhi - Grow Wealth 2 Retire
  • Lender: BridgeInvest
  • Loan Amount: $19M
  • Loan Maturity: 2027

This transaction was facilitated by Michael Sabo representing 3 Points Realty Partners, who purchased the property from Sridhar Sannidhi representing Grow Wealth 2 Retire. BridgeInvest provided the financing for the acquisition through a significant loan arrangement.

Players

BridgeInvest
BridgeInvest
LENDER

Details

SOLD
IMAGE: Michael Sabo & Sridhar Sannidhi DATE: 07/08/2025 ADDRESS: 305 West Baker Road MARKET: Baytown ASSET TYPE: Multifamily ~ UNITS: 392 ~ ACRES: 10 BUYER: Michael Sabo - 3 Points Realty Partners SELLER: Sridhar Sannidhi - Grow Wealth 2 Retire (@GrowWealth2Retire) LENDER: BridgeInvest (@BridgeInvest) NOTE: 3 Points Realty Partners acquired the 392-unit Lakes at Madera in Baytown, TX from Grow Wealth 2 Retire, with BridgeInvest providing a $19M loan maturing in 2027. The deal comes amid softening fundamentals in Houston’s multifamily market, where occupancy has dropped to 92.6% and rent growth lags the national average.

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