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
Victoria 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