Updated Aug 13, 2026
Viking Capital Purchases 114-Unit Multifamily Property At 168 Verbena Drive For $35.2M
168 Verbena Drive
$35,200,000
Units
114
Asset Type
MultiFamily
Closing
Feb 21, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily residential complex located at 168 Verbena Drive, Waxahachie, TX, consisting of 114 units. The transaction was completed for a total amount of $35,200,000.00.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $35,200,000.00
- Address: 168 Verbena Drive
- Market: Waxahachie, TX
- Units: 114
- Buyer: Viking Capital
The transaction was executed on 02/21/2025, marking a significant milestone in the local real estate market. The buyer, Viking Capital, was instrumental in facilitating this closed transaction, ensuring all necessary agreements and processes were completed successfully.
On the Map
$35,200,000
MultiFamily
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Players
Waxahachie 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93