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4410 Westheimer Road, Houst...

Galium Capital Acquires 340-Unit Multifamily Property In Houston
SOLDMultiFamily

Galium Capital Acquires 340-Unit Multifamily Property In Houston

4410 Westheimer Road, Houston, TX 77027

Building Size

26,000 SF

Asset Type

MultiFamily

Closing

Aug 23, 2021

AI

The multifamily property located at 4410 Westheimer Rd in Houston has been sold in a recent transaction. The property spans an area of approximately 6.25 acres and offers a total of 26,000 square feet of space. With 340 units available, this property provides ample residential options for tenants. The sale was facilitated by brokerage firm JLL, with legal counsel provided by Adam Weiss of Solomon Cooperman & Recondo LLP.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Seller: Dinerstein Companies
  • Buyer: Galium Capital, LLC - Jacques Bessoudo
  • Broker: JLL
  • Legal Counsel: Adam Weiss - Solomon Cooperman & Recondo LLP

Jacques Bessoudo, representing Galium Capital, LLC, acted as the buyer in this transaction. Meanwhile, the seller was Dinerstein Companies, a well-known real estate firm. The involvement of JLL as the brokerage firm highlights their expertise in facilitating such deals. Adam Weiss of Solomon Cooperman & Recondo LLP provided legal counsel throughout the transaction.

Players

Jacques Bessoudo

Galium Capital

Buyer

$162.2M

vol

7 deals

Buyer
DC
Dinerstein CompaniesSeller

Houston 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