Cravey Real Estate Services Brokers Sale Of 342-Unit Multifamily Property In Corpus Christi
3330 South Staples Street
Building Size
—
Asset Type
MultiFamily
Closing
Jan 8, 2024
AI
The sale of Buccaneer Apartments, a 342-unit multifamily community in Corpus Christi, has been brokered by Cravey Real Estate Services. The property spans 28.7 acres and is located at 3330 South Staples Street. The sales price for this transaction was undisclosed.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: undisclosed
- Units: 342
Lynann Pinkham from Cravey Real Estate Services represented the seller, Fuso Investment Inc., in this deal. The buyer, Buccaneer Redevelopment LLC, remains undisclosed. No further information about this transaction was provided.
Players
Corpus Christi 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