Updated Oct 29, 2024
FCA Acquires Grand Mason At Waterside Estates In Richmond Multifamily Sale
9900 S Mason Rd, Richmond, TX, 77406
Units
229
Asset Type
MultiFamily
Closing
Nov 22, 2023
About this deal
AI
The property involved in the transaction is a 229-unit multifamily community located at 9900 S Mason Rd, Richmond, TX, 77406, within the Richmond market. Built in 2015, this asset offers a variety of one-, two-, and three-bedroom units. The community includes various amenities, such as a pool, fitness center, pet park, and media room.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: Undisclosed
- Address: 9900 S Mason Rd, Richmond, TX, 77406
- Market: Richmond
- Seller's Representatives: Ryan Epstein - Walker & Dunlop, Scott Bray - CBRE
- Buyer: FCA
Ryan Epstein, Jennifer Ray, and Scott Bray of Berkadia facilitated the sale on behalf of Grand Mason Partners Ltd., the seller. The transaction underscores the involvement of key professionals from Berkadia and highlights the acquisition by a Fort Worth-based firm.
On the Map
MultiFamily
View full map
Players
Richmond MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily sales on Traded.
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