Updated Dec 21, 2023
DLP Capital Acquires 350-unit Multifamily In La Porte For $Undisclosed Amount
3300 Bay Area Boulevard, La Porte, Texas 77571, United States
Units
350
Asset Type
MultiFamily
Closing
Aug 16, 2022
About this deal
AI
The multifamily property located at 3300 Bay Area Boulevard in La Porte has been sold in a recent transaction. The property, situated on 18 acres of land, consists of 350 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3300 Bay Area Boulevard
- Market: La Porte
- Units: 350
- Acres: 18
The buyer of the property is DLP Capital, represented by Don Wenner.
Traded’s record for 3300 Bay Area Boulevard, La Porte, Texas 77571, United States in Houston, Texas covers a multifamily sale from 2022. Reported inventory is 350 units across 350 units. This page is the Houston, Texas file for the 3300 Bay Area Boulevard, La Porte, Texas 77571, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Houston sit in the Market section below. Filter that Houston multifamily set by closing date to see what else sold near 3300 Bay Area Boulevard, La Porte, Texas 77571, United States around 2022. Cite this DLP Capital Acquires 350-unit Multifamily In La Porte For $Undisclosed Amount sale when underwriting similar multifamily product around Houston, Texas.
Players
Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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