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
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