Updated Dec 19, 2023
Castle Lanterra Multifamily Acquires Multifamily Property In Corpus Christi
7221 South Staples Street, Corpus Christi, Texas 78413, United States
Building Size
—
Asset Type
MultiFamily
Closing
Aug 14, 2022
About this deal
AI
The recently closed property transaction in Corpus Christi involved a multifamily asset located at 7221 South Staples Street and 1802 Ennis Joslin Road. The property was sold on August 15, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Corpus Christi
The buyer in this transaction was Castle Lanterra Multifamily, represented by Elie Rieder.
Traded’s record for 7221 South Staples Street, Corpus Christi, Texas 78413, United States in Corpus Christi, Texas covers a multifamily sale from 2022. 7221 South Staples Street, Corpus Christi, Texas 78413, United States is classified as Multifamily on Traded. This page is the Corpus Christi, Texas file for the 7221 South Staples Street, Corpus Christi, Texas 78413, 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 7221 South Staples Street, Corpus Christi, Texas 78413, United States around 2022. Cite this Castle Lanterra Multifamily Acquires Multifamily Property In Corpus Christi 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