Winterpast Capital Partners And Marcus Investments Acquire Richardson Seniors Housing For 112 Units
870 West Arapaho Road, Richardson, Texas 75080, United States
Building Size
—
Asset Type
—
Closing
Jan 8, 2023
AI
The seniors housing property located at 870 W Arapaho Rd in Richardson was recently sold. The transaction took place on January 9, 2023. The property consists of 112 units and is owned by Franklin Park Senior Living.
Summary of transaction details:
- Property Type: Seniors Housing
- Transaction Amount: Not specified
- Address: 870 W Arapaho Rd, Richardson
- Market: Richardson
- Units: 112
Winterpast Capital Partners and Marcus Investments were the buyers of this seniors housing property, while Franklin Park Senior Living acted as the seller. The deal was facilitated by Richard Swartz, Jay Wagner, Jim Dooley, and Jack Griffin from Cushman & Wakefield on behalf of the buyer and seller.
Players
Richardson CRE Market Snapshot
Boundary boundary · CRE · 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