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4000 Watonga Boulevard, Hou...

Excelsa Properties Sells Multifamily Property In Houston For $X.XM
SOLDMultiFamily

Excelsa Properties Sells Multifamily Property In Houston For $X.XM

4000 Watonga Boulevard, Houston, Texas 77092, United States

Building Size

Asset Type

MultiFamily

Closing

Aug 2, 2022

AI

The multifamily property located at 4000 Watonga Blvd in Houston has been sold. The transaction took place on 08/03/2022. The property consists of 392 units and is part of Excelsa Properties' portfolio.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Address: 4000 Watonga Blvd
  • Market: Houston
  • Units: 392

The sellers of the property are Bassam Yammine and Jonathan Woods, representing Excelsa Properties. They facilitated the sale of the multifamily asset, although the specific transaction amount was not disclosed.

Players

Chris Curry

Berkadia

Broker

30 deals

Broker

Houston 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