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5500 El Camino Del Rey Stre...

Indus Management Acquires Multifamily Property In Houston From The Barvin Group
SOLDMultiFamily

Indus Management Acquires Multifamily Property In Houston From The Barvin Group

5500 El Camino Del Rey Street, Houston, Texas 77081, United States

Building Size

Asset Type

MultiFamily

Closing

Jan 25, 2022

AI

The multifamily property located at 5500 El Camino Del Rey and 5900 Bissonnet Street in Houston has been sold. The transaction took place on January 24, 2022. The property consists of 687 units, making it a significant asset in the market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Market: Houston
  • Units: 687

The buyer of the property is Indus Management, represented by Manu Gupta. The seller in this transaction is The Barvin Group. The deal was facilitated by the brokers Joey Rippel, Chris Young, Jeffrey Skipworth, Kyle Whitney, Todd Marix, and Chris Curry, all from Berkadia.

Players

Chris Curry

Berkadia

Broker

30 deals

Broker
IM
Indus ManagementBuyer

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