Updated Sep 10, 2026
Joe Hooker Of 3700 Midway, LLC Acquires Multifamily Community In Midland For $32.5M
3700 North A Street
$32,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 1, 2026
About this deal
AI
3700 Midway, LLC acquired a multifamily community located at 3700 North A Street in Midland, Texas. The property encompasses one- and two-bedroom apartments and features resort-style amenities. It is situated inside Loop 250 and is in proximity to Claydesta Business Park and downtown Midland.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $32,500,000
- Address: 3700 North A Street
- Market: Midland, TX
- Buyer: Joe Hooker - 3700 Midway, LLC
Joe Hooker, representing 3700 Midway, LLC, facilitated the acquisition of the property, which is known as Midway Station.
On the Map
$32,500,000
MultiFamily
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Players
Midland 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93