Atlantic Pacific Cos. Acquires Mixed-Use Property With 372 Units In Dallas
3600 Wheeler Street, Dallas, Texas 75209, United States
Building Size
353,400 SF
Asset Type
Mixed-use
Closing
Dec 23, 2021
About this deal
AI
A mixed-use property located at 3600 Wheeler St in Dallas has been sold in a recent transaction. The property consists of 372 units and was sold by Atlantic Pacific Cos., represented by Howard D. Cohen.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Date: 12/23/2021
- Address: 3600 Wheeler St
- Market: Dallas
- Units: 372
- Buyer: Atlantic Pacific Cos. - Howard D. Cohen
The sale of this mixed-use property marks a significant transaction in the Dallas real estate market. It demonstrates the continued demand for mixed-use properties in the area, offering diverse residential and commercial spaces to potential tenants or buyers.
Players
Dallas Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
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