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402 Gastel Circle

Luz Pettle Of Toe3investments Acquires Multifamily Property At 402 Gastel Circle In Edinburg
SOLDMultiFamily

Luz Pettle Of Toe3investments Acquires Multifamily Property At 402 Gastel Circle In Edinburg

402 Gastel Circle

Building Size

19,800 SF

Asset Type

MultiFamily

Closing

Dec 9, 2024

AI

The transaction involved a multifamily asset located at 402 Gastel Circle in Edinburg. This sale was finalized on 12/09/2024.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 402 Gastel Circle
  • Market: Edinburg
  • Buyer: Luz Pettle - Toe3investments
  • Seller: Robert May - Vistamar 1
  • Buyer's Representative: Larry Hoelter - Brick & Stone Realty
  • Seller's Representative: Jaxton Hoelting - Keller Williams Commercial

The deal was facilitated by Larry Hoelter, who represented the buyer, and Jaxton Hoelting, who represented the seller, ensuring both parties’ interests were adequately represented during the transaction.

Players

Jaxton Hoelting

Rowan Multifamily Advisors

Broker

$11.7M

vol

3 deals

Broker

Edinburg 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