Updated Dec 19, 2023
DLP Capital Acquires 252-Unit Multifamily Property In Corpus Christi With Don Wenner As Buyer's Rep
6225 Saratoga Boulevard, Corpus Christi, Texas 78414, United States
Building Size
276,654 SF
Asset Type
MultiFamily
Closing
Jun 26, 2022
About this deal
AI
A multifamily property located at 6225 Saratoga Blvd in Corpus Christi has been sold. The property consists of 252 units and was part of a recent transaction. The sale was completed on 06/27/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 6225 Saratoga Blvd
- Market: Corpus Christi
- Units: 252
The buyer of this multifamily property is DLP Capital, represented by Don Wenner.
Traded’s record for 6225 Saratoga Boulevard, Corpus Christi, Texas 78414, United States in Corpus Christi, Texas covers a multifamily sale from 2022. Reported inventory is 276,654 square feet across 252 units, or about 0 per square foot. This page is the Corpus Christi, Texas file for the 6225 Saratoga Boulevard, Corpus Christi, Texas 78414, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Corpus Christi sit in the Market section below. Filter that Corpus Christi multifamily set by closing date to see what else sold near 6225 Saratoga Boulevard, Corpus Christi, Texas 78414, United States around 2022. Cite this DLP Capital Acquires 252-Unit Multifamily Property In Corpus Christi With Don Wenner As Buyer's Rep sale when underwriting similar multifamily product around Corpus Christi, Texas.
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