SOLDMultiFamily
Clearworth Capital Acquires Multifamily Property In Shenandoah With Buyer's Rep Matthew Stone And Brokers Chip Nash & Bob Heard
8787 Shenandoah Park Drive, Shenandoah, Texas 77385, United States
Building Size
1,211 SF
Asset Type
MultiFamily
Closing
Mar 14, 2022
AI
An undisclosed multifamily property with 220 units located at 8787 Shenandoah Park Drive in Shenandoah has been sold.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Number of Units: 220
- Market: Shenandoah
The buyer of the property is Clearworth Capital, represented by Matthew Stone. The transaction was facilitated by brokers Chip Nash and Bob Heard from Colliers.
Players
Conroe 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