Sunstone Properties Trust Sells 156-Unit Multifamily Property In Dickinson To Berkadia
810 Deats Road, Dickinson, TX 77539
Building Size
227,701 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
AI
810 Deats Rd in Dickinson has been sold in a recent multifamily transaction. The property consists of 156 units, making it an attractive investment in the market. The sale was finalized on December 17, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Market: Dickinson
- Seller: Sunstone Properties Trust
- Brokers: Chris Young, Joey Rippel & Kyle Whitney - Berkadia
The sale of 810 Deats Rd was facilitated by the brokers Chris Young, Joey Rippel, and Kyle Whitney from Berkadia. They represented the seller, Sunstone Properties Trust, in this transaction. The involvement of these professionals highlights the expertise and experience brought to the deal.
Players
Dickinson 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