Updated Dec 21, 2023
BSR REIT Acquires Lewisville Multifamily Property For $51.8M
1980 E State Hwy 121, Lewisville, Tx 75056, Usa
$51,800,000
$35,479/SF
Building Size
1,460 SF
Asset Type
MultiFamily
Closing
Aug 31, 2020
About this deal
AI
The multifamily property located at 1980 E. State Hwy 121 in Lewisville has been sold. The transaction took place on September 1, 2020. The property consists of 276 units, with a per unit price of $187,681. The total listed price for the property was $51,800,000. The buyer of this property is BSR REIT.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $51,800,000
- Units: 276
- Price per Unit: $187,681
- Buyer: BSR REIT
The sale of this multifamily property in Lewisville showcases the continued demand in the real estate market. BSR REIT, a prominent real estate investment trust, played a significant role in this transaction as the buyer. The successful completion of this deal demonstrates the attractiveness of multifamily properties in Lewisville's market.
Players
The Colony 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93