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

Updated Oct 29, 2024

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

About this deal

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.

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Players

Christian Mazzini

Marcus & Millichap

Broker

3 deals

Broker
UL
Unknown LLCBuyer
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Lake Jackson 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

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