facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

905 Tx-332, Lake Jackson, T...

Unknown LLC Acquires Property At 905 Tx-332 Lake Jackson With Buyer's Reps Christian Mazzini And Jeffrey Fript
SOLDMultiFamily

Unknown LLC Acquires Property At 905 Tx-332 Lake Jackson With Buyer's Reps Christian Mazzini And Jeffrey Fript

905 Tx-332, Lake Jackson, TX, 77566

Units

153

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property involved in this transaction is The Springs at Lake Jackson, a 153-unit apartment community located at 905 Tx-332, Lake Jackson, TX 77566. The asset is situated in the Lake Jackson market, south of Houston. The specific sale price and square footage details are not disclosed.

Summary of transation details:

This transaction was facilitated by Marcus & Millichap with Christian Mazzini and Jeffrey Fript representing the buyer. The transaction was classified as off-market, and the additional terms of the sale remain undisclosed.

Players

Christian Mazzini

Marcus & Millichap

Broker

3 deals

Broker
UL
Unknown LLCBuyer

Lake Jackson 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