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2800 NE Green Oaks BLVD, Gr...

Updated Oct 29, 2024

2800 NE Green Oaks BLVD
SOLDMultiFamily

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

Chris Deuillet

CBRE

Broker

$16.7M

vol

21 deals

Broker
SP
Shore to Shore PropertiesBuyer

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

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