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6069 West US Highway 90, De...

Updated Dec 20, 2023

CXRE Sells Broke Mill RV Park In Del Rio, TX With Buyer's Rep Sharon Deats & Seller's Rep Robin Francis-Baker
SOLDMultiFamily

CXRE Sells Broke Mill RV Park In Del Rio, TX With Buyer's Rep Sharon Deats & Seller's Rep Robin Francis-Baker

6069 West US Highway 90, Del Rio, TX 78840

Building Size

76,000 SF

Asset Type

MultiFamily

Closing

Oct 15, 2021

About this deal

AI

The Broke Mill RV Park in Del Rio, Texas has been sold in a fast and efficient transaction by CXRE, a leading commercial real estate brokerage firm. The property, situated on 44 acres of land, includes 76 RV pads and four cabins. It offers various amenities such as a swimming pool, event center, laundry facility, and fitness center. The transaction closed within just three days of being under contract, demonstrating CXRE's ability to facilitate quick and smooth closings.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Date: 10/15/2021
  • Address: 6069 W US Highway 90, Del Rio, TX
  • Market: Del Rio
  • Units: 76
  • Square Footage: 76,000
  • Buyer's Representative: Sharon Deats - Team Housing Solutions
  • Seller's Representatives: Robin Francis-Baker & Cody Pruitt - CXRE

The buyer of the Broke Mill RV Park is partnered with a government organization and plans to use the property as temporary housing for law enforcement near the United States-Mexico border. This transaction aligns with CXRE's goal of helping investors take advantage of current market opportunities. The firm, with its client-focused approach and extensive range of services, has gained a reputation for delivering successful outcomes and satisfying investors.

For more information about CXRE and their services, please visit their website at cxre.co.

Players

Sharon Deats

Broker

1 deal

Broker

Del Rio 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

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