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420 Garland Drive

Paul Yazbeck Represents Seller In Sale Of 168-Unit Shadow Park Apartments In Lake Jackson
SOLDMultiFamily

Paul Yazbeck Represents Seller In Sale Of 168-Unit Shadow Park Apartments In Lake Jackson

420 Garland Drive

Building Size

Asset Type

MultiFamily

Closing

Sep 10, 2025

AI

Shadow Park Apartments is a multifamily property located at 420 Garland Drive in Lake Jackson, TX, comprising 168 units. The transaction involved a high-leverage loan assumption, facilitating the sale process.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 168
  • Address: 420 Garland Drive
  • Market: Lake Jackson

Paul Yazbeck represented the seller in this transaction, while Yonnic Land played a crucial role in sourcing the buyer, who is new to the submarket and successfully secured their first agency-backed loan.

Players

Paul Yazbeck

The Multifamily Group

Broker

16 deals

Broker
The Multifamily Group
The Multifamily GroupBrokerage

Lake Jackson 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