Updated Dec 22, 2023
American Landmark Acquires Multifamily Property In The Woodlands With Joe Lubeck
3600 College Park Drive, The Woodlands, TX, USA
Building Size
1,386 SF
Asset Type
MultiFamily
Closing
May 2, 2021
About this deal
AI
Joe Lubeck recently closed a multifamily property transaction in The Woodlands. The property, located at 3600 College Park Dr, consists of 240 units. The transaction took place on 05/03/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3600 College Park Dr
- Market: The Woodlands
- Units: 240
American Landmark, represented by Joe Lubeck, acted as the buyer in the transaction. No further details regarding the transaction amount were provided.
Traded’s record for 3600 College Park Drive, The Woodlands, TX, USA in The Woodlands, Texas covers a multifamily sale from 2021. Reported inventory is 1,386 square feet across 240 units, or about 0 per square foot. This page is the The Woodlands, Texas file for the 3600 College Park Drive, The Woodlands, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same The Woodlands sit in the Market section below. Filter that The Woodlands multifamily set by closing date to see what else sold near 3600 College Park Drive, The Woodlands, TX, USA around 2021. Cite this American Landmark Acquires Multifamily Property In The Woodlands With Joe Lubeck sale when underwriting similar multifamily product around The Woodlands, Texas.
Players
The Woodlands 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