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3400 N Loop 336 W, Conroe, ...

Buyer Acquires Property In Conroe Texas With Gregory Austin Of Marcus & Millichap As The Broker
SOLDMultiFamily

Buyer Acquires Property In Conroe Texas With Gregory Austin Of Marcus & Millichap As The Broker

3400 N Loop 336 W, Conroe, TX, 77304

Building Size

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

The Loop Apartments is a 188-unit multifamily community located at 3400 N Loop 336 W, Conroe, TX, 77304. Built in 2017, the property features one-, two-, and three-bedroom units along with amenities such as a pool, fitness center, outdoor entertainment area, and a dog park.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Undisclosed
  • Square Footage: 0
  • Market: Conroe
  • Buyer: Undisclosed
  • Seller: Apartment Advisors Inc.
  • Brokers: Gregory Austin - Marcus & Millichap
  • Financing arranged by: Tim Leonhard, Mary Davis, Eric Hightower of JLL

Greg Austin, Chip Nash, Bob Heard, Chris Curry, Todd Marix, Chris Young, Joey Rippel, and Kyle Whitney of JLL represented the seller, Apartment Advisors Inc., in the transaction. The financing was arranged through Fannie Mae for the undisclosed buyer.

Players

Gregory Austin

Marcus & Millichap

Broker

7 deals

Broker

Conroe 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