CEG Multifamily Acquires 216-Unit Multifamily Property In Bryan, Texas
4050 Eastchester Dr, Bryan, TX 77802, USA
Building Size
1,460 SF
Asset Type
MultiFamily
Closing
Oct 1, 2020
AI
The multifamily property located at 4050 Eastchester Drive in Bryan has been sold in a recent transaction. The property consists of 216 units and was part of a sale transaction.
Summary of transaction details:
- Property Type: Multifamily
- Sale Date: 10/02/2020
- Address: 4050 Eastchester Drive
- Market: Bryan
- Seller: Continental Properties
- Buyer: CEG Multifamily
- Broker: Will Balthrope, Jennifer Campbell, Tommy Lovell III, Richard Robson, & Will Griffin – Marcus & Millichap
The sale of this multifamily property represents a significant transaction in the Bryan market. The involvement of brokers Will Balthrope, Jennifer Campbell, Tommy Lovell III, Richard Robson, and Will Griffin from Marcus & Millichap showcases the professional expertise and experience brought to the deal.
Players
Bryan MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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