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3207 East Airline Road, Vic...

3CM Multifamily Sells 110-unit Multifamily Property In Victoria To Northmarq
SOLDMultiFamily

3CM Multifamily Sells 110-unit Multifamily Property In Victoria To Northmarq

3207 East Airline Road, Victoria, Texas 77901, United States

Building Size

Asset Type

MultiFamily

Closing

Aug 21, 2022

AI

A multifamily property comprising 110 units located at 3207 E. Airline Rd. in Victoria has been sold. The transaction took place on August 22, 2022. The property is situated in the Victoria market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Address: 3207 E. Airline Rd.
  • Market: Victoria
  • Units: 110

The seller of the property is 3CM Multifamily. The sale was facilitated by Moses Siller, Zar Haro, Phillip Grafe, and Bryan VanCura from Northmarq, who served as brokers in the transaction.

Players

Moses Siller

NorthMarq

Broker

14 deals

Broker
3M
3CM MultifamilySeller

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