Updated Dec 19, 2023
Western Wealth Capital Acquires 245-Unit Multifamily Property In Plano
1045 15th Place, Plano, Texas 75074, United States
Building Size
398,518 SF
Asset Type
MultiFamily
Closing
Feb 17, 2022
About this deal
AI
1045 15th Pl, located in Plano, was recently sold in a multifamily property transaction. The property consists of 245 units, making it a substantial investment opportunity for the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 02/18/2022
- Address: 1045 15th Pl
- Market: Plano
- Units: 245
Janet LePage represented Western Wealth Capital, the buyer, in this transaction. The deal highlights the confidence the buyer has in the Plano market and their eagerness to expand their investment portfolio in the multifamily sector.
Players
Plano MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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