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4050 Eastchester Dr, Bryan,...

Updated Oct 29, 2024

CEG Multifamily Acquires 216-Unit Multifamily Property In Bryan, Texas
SOLDMultiFamily

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

About this deal

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.

On the Map

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Players

CM
CEG MultifamilyBuyer
CL
Continental Properties, LLCSeller
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Bryan 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

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