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:
- Property Type: Apartment Community
- Transaction Amount: Not Disclosed
- Address: 905 Tx-332, Lake Jackson, TX 77566
- Market: Lake Jackson
- Buyer: Unknown LLC
- Buyer’s Representatives: Christian Mazzini-Marcus & Millichap, Jeffrey Fript-Marcus & Millichap
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
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