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4104 Scarlet Oak Lane

Banyan Residential's Banyan Kingsland Heights Multifamily Sale In Brookshire Texas
SOLDMultiFamily

Banyan Residential's Banyan Kingsland Heights Multifamily Sale In Brookshire Texas

4104 Scarlet Oak Lane

Building Size

Asset Type

MultiFamily

Closing

Jun 3, 2024

AI

The property involved in the transaction is a 97-home build-to-rent community known as Banyan Kingsland Heights. Situated on 27 acres in Brookshire, Texas, the community offers three- or four-bedroom homes with modern amenities. Its location provides easy access to major highways, top-rated schools, and various retail and entertainment options.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Units: 97
  • Acres: 27
  • Address: 4104 Scarlet Oak Lane
  • Market: Brookshire

The sale of Banyan Kingsland Heights was facilitated with JLL Capital Markets representing the seller, Banyan Residential. The brokers involved in the deal were Daniele Colbertaldo, Jim Humphries, Matthew Putterman & Rhett Robins from JLL. The property caters to individuals and families seeking comfortable living spaces with convenient access to essential amenities and services.

Players

Jim Humphries

JLL

Broker

5 deals

Broker

Brookshire 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