Updated Dec 21, 2023
SOLDMultiFamily
29th Street Capital Acquires 254-Unit Multifamily Property In The Woodlands
6900 Lake Woodlands Drive, The Woodlands, TX, USA
Building Size
4,809 SF
Asset Type
MultiFamily
Closing
Feb 10, 2021
About this deal
AI
A multifamily property located at 6900 Woodlands Drive in The Woodlands was recently sold. The sale took place on February 11, 2021. The property consists of 254 units and was sold to 29th Street Capital (29SC) represented by Javier Bustillo.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 6900 Woodlands Drive
- Market: The Woodlands
- Units: 254
- Buyer: 29th Street Capital (29SC) - Javier Bustillo
Javier Bustillo, representing 29th Street Capital (29SC), was the buyer in this transaction.
Players
The Woodlands 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