Updated Sep 16, 2025
Paul Yazbeck Represents Seller In Sale Of 168-Unit Shadow Park Apartments In Lake Jackson
420 Garland Drive
Units
168
Asset Type
MultiFamily
Closing
Sep 10, 2025
About this deal
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.
On the Map
MultiFamily
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Players
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