GREA Facilitates Sale Of 161-Unit Audra Townhomes In Denton By Audra Townhomes 1 LLC
1200 Good Lane
Building Size
—
Asset Type
MultiFamily
Closing
Aug 8, 2024
AI
The transaction involved the sale of a multifamily property located at 1200 Good Lane in Denton, TX. The asset comprises 161 units, featuring three- and four-bedroom layouts equipped with modern amenities such as quartz countertops and stainless steel appliances. The property also includes two-car garages.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: Undisclosed
- Units: 161
- Seller: Audra Townhomes 1 LLC
- Broker Representatives: Lee Robinson & Mark Allen - Global Real Estate Advisors (GREA)
- Buyer: Undisclosed publicly traded REIT
Lee Robinson and Mark Allen, representing Global Real Estate Advisors (GREA), facilitated the sale of the property, ensuring the transaction proceeded smoothly. GREA played a crucial role in connecting the seller, Audra Townhomes 1 LLC, with the buyer, a publicly traded real estate investment trust.
Players
Denton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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