American Landmark Acquires 234-Unit Multifamily In Carrollton From SC Switchyard LLC
1199 North Broadway Street, Carrollton, Texas 75006, United States
Building Size
—
Asset Type
MultiFamily
Closing
Jan 4, 2022
AI
Located at 1199 N Broadway St in Carrollton, this multifamily property with 234 units was recently sold in a closed transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 01/05/2022
- Address: 1199 N Broadway St
- Market: Carrollton
- Number of Units: 234
American Landmark acquired the property from SC Switchyard LLC. The sale was facilitated by the team of Drew Kile, Michael Ware, Joey Tumminello, Taylor Hill, Will Balthrope, and Grant Raymond from Institutional Property Advisors (IPA) - Marcus & Millichap.
Players
Carrollton 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