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3207 E Airline Rd, Victoria...

3207 E Airline Rd
SOLDMultiFamily

3207 E Airline Rd

3207 E Airline Rd, Victoria, TX, 77901

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property involved in the transaction is Stratford Place, a 110-unit apartment complex located at 3207 E Airline Rd, Victoria, TX, 77901. The complex was built in 1980 and consists of 10 two-story buildings. The sale was negotiated by Northmarq, which represents the real estate market in Victoria.

Summary of transaction details:

  • Property Type: Apartment Complex
  • Transaction Amount: Not Disclosed
  • Address: 3207 E Airline Rd, Victoria, TX, 77901
  • Market: Victoria
  • Seller's Rep: Bryan VanCura - NorthMarq
  • Buyer: Undisclosed
  • Size: 110 units
  • Built Year: 1980

The transaction included representation from team members at Northmarq, specifically Moses Siller, Zar Haro, Phillip Grafe, and Bryan VanCura, who represented the seller, 3CM Multifamily. The specific terms of the sale, including the buyer's identity, remain undisclosed.

Players

Moses Siller

NorthMarq

Broker

14 deals

Broker

Victoria 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