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
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