S2 Capital Acquires Multifamily Property In East Dallas & Carrollton For $UndisclosedM
11201 Lake Highlands Drive, Dallas, Texas 75218, United States
Building Size
—
Asset Type
MultiFamily
Closing
Apr 3, 2022
AI
An undisclosed multifamily property in East Dallas and Carrollton has been sold by Northmarq to S2 Capital, according to recently released information. The property, located at 11201 Lake Highlands Drive and 2500 Guerrero Drive, consists of 676 units. The transaction, which closed on April 4, 2022, was facilitated by Taylor Snoddy from Northmarq on behalf of the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Number of Units: 676
- Address: 11201 Lake Highlands Drive & 2500 Guerrero Drive
- Market: East Dallas & Carrollton
Lauren Bresky and Lauren Heikenfeld, also from Northmarq, served as the mortgage brokers for this transaction.
Players
Rowlett 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