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1200 Good Lane

GREA Facilitates Sale Of 161-Unit Audra Townhomes In Denton By Audra Townhomes 1 LLC
SOLDMultiFamily

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

Mark Allen

Colliers

Broker

$140.3M

vol

33 deals

Broker

Denton 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