Updated Oct 28, 2024
GVA Management Acquires 348-Unit Multifamily In Corpus Christi From SWBC Real Estate
5750 Curtis Clark Drive, Corpus Christi, TX 78412, USA
Building Size
122,465 SF
Asset Type
MultiFamily
Closing
Dec 2, 2021
About this deal
AI
The multifamily property located at 5750 Curtis Clark Drive, Corpus Christi, TX, has been sold in a recent transaction. The property consists of 348 units and was sold on 12/02/2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 5750 Curtis Clark Drive, Corpus Christi, TX
- Market: Corpus Christi, TX
- Units: 348
GVA Management acted as the buyer in this transaction, and SWBC Real Estate was the seller. The deal was facilitated by Berkadia as the broker.
On the Map
MultiFamily
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Players
Corpus Christi MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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