Updated Oct 29, 2024
2800 NE Green Oaks BLVD
2800 NE Green Oaks BLVD, Grand Prai...
Units
148
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The property involved in the transaction is Riverside Place, an apartment complex consisting of 148 units located at 2800 NE Green Oaks Blvd, Grand Prairie, Texas. The market for this asset is Big Springs, and it features a variety of one-, two-, and three-bedroom units. Amenities include a pool, fitness center, conference and meeting space, business center, outdoor grilling stations, coffee bar, pet park, and package lockers.
Summary of transaction details:
- Property Type: Apartment Complex
- Transaction Amount: Undisclosed
- Address: 2800 NE Green Oaks Blvd, Grand Prairie, Texas
- Market: Big Springs
- Seller's Representative: Chris Deuillet-CBRE
- Buyer: Shore to Shore Properties
- Seller: MPH Partners
Chris Deuillet and William Hubbard from CBRE represented the seller, MPH Partners, located in Irving, Texas. The buyer, Shore to Shore Properties, is based in California and acquired the property in this transaction.
Players
Big Springs 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