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810 Deats Road, Dickinson, ...

Sunstone Properties Trust Sells 156-Unit Multifamily Property In Dickinson To Berkadia
SOLDMultiFamily

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

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

Joey Rippel

Berkadia

Broker

35 deals

Broker
ST
Sunstone Properties TrustSeller

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