SPG Acquires Multifamily Property In New Braunfels From Allied Orion Group & The Carlyle Group
580 Creekside Way, New Braunfels, TX 78130, USA
Building Size
1,440 SF
Asset Type
MultiFamily
Closing
Jun 24, 2020
AI
Located at 580 Creekside Way in New Braunfels, this multifamily property with 281 units was recently sold in a transaction. The sale took place on June 24, 2021, making it a closed transaction.
Summary of transaction details
- Property Type: Multifamily
- Seller: Allied Orion Group & The Carlyle Group
- Buyer: SPG
- Brokers: Will Balthrope & Drew Garza - IPA
The property was sold by Allied Orion Group and The Carlyle Group, with IPA brokers Will Balthrope and Drew Garza representing them in the deal. The buyer is SPG.
Players
New Braunfels 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