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1300 Coronado Dr Denton, TX...

Jordan Multifamily LLC Acquires 128-Unit Coronado Villas Multifamily In Denton
SOLDMultiFamily

Jordan Multifamily LLC Acquires 128-Unit Coronado Villas Multifamily In Denton

1300 Coronado Dr Denton, TX 76209, USA

Building Size

Asset Type

MultiFamily

Closing

Jun 5, 2023

AI

Jordan Multifamily LLC has recently acquired the 128-unit Coronado Villas multifamily community in Denton. The property, located at 1300 Coronado Drive, was sold by N.O.I.S.E. Ventures LLC. The transaction was brokered by CBRE Group, with Chris Deuillet, William Hubbard, Jaxx Davis, and Matthew Pastrano representing the buyer and seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Units: 128
  • Market: Denton

Chris Deuillet, William Hubbard, Jaxx Davis, and Matthew Pastrano from CBRE Group played a crucial role in facilitating this property sale, ensuring a successful transaction between Jordan Multifamily LLC and N.O.I.S.E. Ventures LLC. The details of the sale price, mortgage amount, and square footage were not disclosed.

Players

Chris Deuillet

CBRE

Broker

$16.7M

vol

21 deals

Broker

Texas 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