LPI Holdings - Tan Kok Guan Acquires Multifamily Property In North Beaumont
5350 Old Dowlen Road, Beaumont, TX, USA
Building Size
39,480 SF
Asset Type
MultiFamily
Closing
Jun 3, 1920
AI
5350 Old Dowlen Rd in Beaumont was recently sold in a multifamily transaction in North Beaumont. The sale took place on June 5, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Seller: Venterra Realty - John Foresi
- Buyer: LPI Holdings - Tan Kok Guan
- Broker: Newmark Knight Frank - Brad Shaffer & Brandon Miller
The property at 5350 Old Dowlen Rd was sold by Venterra Realty, represented by John Foresi. The buyer was LPI Holdings, represented by Tan Kok Guan. The deal was facilitated by Newmark Knight Frank, with Brad Shaffer and Brandon Miller serving as the brokers.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93