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
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