BSR Real Estate Investment Trust Sells Multifamily Property In Beaumont For $44M
4215 North Major Drive, Beaumont, TX, USA
$44,000,000
$144/SF
Building Size
304,051 SF
Asset Type
MultiFamily
Closing
Dec 14, 2020
AI
The multifamily property located at 4215 N. Major Drive in Beaumont has been sold for a total price of $44,000,000. The sale took place on December 15, 2020. The property consists of 360 units, resulting in a price per unit (PPU) of $122,222. The transaction was facilitated by John Bailey, representing BSR Real Estate Investment Trust as the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $44,000,000
- Units: 360
- Price per Unit (PPU): $122,222
- Address: 4215 N. Major Drive, Beaumont
- Market: Beaumont
John Bailey, representing BSR Real Estate Investment Trust, played a key role in the transaction as the seller's representative. Their expertise in the Beaumont market contributed to the successful sale at a significant price point.
Players
Beaumont 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93