Updated Oct 28, 2024
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
About this deal
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.
Traded’s record for 8787 Shenandoah Park Drive, Shenandoah, Texas 77385, United States in Conroe, Texas covers a multifamily sale from 2022. Reported inventory is 1,211 square feet across 220 units, or about 0 per square foot. Chip Nash, Bob Heard, Colliers appear on the sale alongside Colliers. This page is the Conroe, Texas file for the 8787 Shenandoah Park Drive, Shenandoah, Texas 77385, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Conroe sit in the Market section below. Filter that Conroe multifamily set by closing date to see what else sold near 8787 Shenandoah Park Drive, Shenandoah, Texas 77385, United States around 2022. Cite this Clearworth Capital Acquires Multifamily Property In Shenandoah With Buyer's Rep Matthew Stone And Brokers Chip Nash & Bob Heard sale when underwriting similar multifamily product around Conroe, Texas.
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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