SOLDMultiFamily
RailField Partners Acquires 240-Unit Multifamily Property In Live Oak From Covenant Development
8130 Shin Oak Drive, Live Oak, TX 78233, USA
Building Size
392,040 SF
Asset Type
MultiFamily
Closing
Nov 8, 2021
AI
The multifamily property located at 8130 Shin Oak Dr in Live Oak has been sold. The property spans across 9 acres and consists of 240 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 8130 Shin Oak Dr
- Market: Live Oak
- Acres: 9
- Units: 240
RailField Partners has acquired the property from Covenant Development. The transaction was facilitated by Will Balthrope and Drew Garza from Institutional Property Advisors - Marcus & Millichap.
Players
Live Oak MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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