SOLDMultiFamily
TruAmerica Multifamily Acquires 240-Unit Multifamily Property In Houston From Lone Star State
9500 West Road, Houston, Texas 77064, United States
Building Size
273,568 SF
Asset Type
MultiFamily
Closing
May 23, 2022
AI
TruAmerica Multifamily has acquired a multifamily property in Houston located at 9500 West Rd. The property consists of 240 units and was sold by Lone Star State. The sale was completed on May 24, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 240
- Buyer: TruAmerica Multifamily - Ammanuel Metta & Robert E. Hart
- Seller: Lone Star State
Ammanuel Metta and Robert E. Hart from TruAmerica Multifamily were the representatives of the buyer in this transaction.
Players
Houston 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