Updated Oct 28, 2024
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
About this deal
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.
Traded’s record for 8130 Shin Oak Drive, Live Oak, TX 78233, USA in Live Oak, Texas covers a multifamily sale from 2021. Reported inventory is 392,040 square feet across 240 units, or about 0 per square foot. Will Balthrope, Drew Garza, Institutional Property Advisors appear on the sale alongside Institutional Property Advisors. This page is the Live Oak, Texas file for the 8130 Shin Oak Drive, Live Oak, TX 78233, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Live Oak sit in the Market section below. Filter that Live Oak multifamily set by closing date to see what else sold near 8130 Shin Oak Drive, Live Oak, TX 78233, USA around 2021. Cite this RailField Partners Acquires 240-Unit Multifamily Property In Live Oak From Covenant Development sale when underwriting similar multifamily product around Live Oak, Texas.
Players
Live Oak 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