Updated Dec 4, 2024
Urban Moment YardHomes Acquires Development Site From Casa De Mi Gloria
2370 East Centerville Road
Building Size
—
Asset Type
Development Site
Closing
May 23, 2024
About this deal
AI
The development site located at 2370 East Centerville Road in Garland was recently sold in a transaction between Urban Moment YardHomes and Casa De Mi Gloria. The property is situated in a prime location and offers great potential for development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Buyer: Urban Moment YardHomes
- Seller: Casa De Mi Gloria
- Brokers: Daniel Batey, Chris Young, Dillon Cook - Range Realty Advisors
Daniel Batey, Chris Young, and Dillon Cook from Range Realty Advisors played a crucial role in facilitating the transaction between Urban Moment YardHomes and Casa De Mi Gloria. Their expertise and negotiation skills were instrumental in successfully closing the deal.
On the Map
Development Site
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Garland Development Site Market Snapshot
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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