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.
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