Wellington Realty Acquires Sunrise Suites & Willow Bend Apartments In Irving
1411 West Shady Grove Road, Irving, TX, USA
Building Size
60,288 SF
Asset Type
MultiFamily
Closing
Aug 17, 2021
AI
A multifamily property located at 1411 W Shady Grove Road and 1407 W Shady Grove Road in Irving has been sold. The property, known as Sunrise Suites & Willow Bend Apartments, consists of 112 units. The transaction took place on August 17, 2021, and was facilitated by brokers David Shaffer, Caleb Jones, and Will Miller from Wellington Realty. The property spans over 60,288 square feet and is situated in the Irving market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: N/A
- Address: 1411 W Shady Grove Road & 1407 W Shady Grove Road
- Market: Irving
- Square Footage: 60,288
- Units: 112
The deal was made possible by the involvement of brokers David Shaffer, Caleb Jones, and Will Miller from Wellington Realty. They acted as representatives for the parties involved in the transaction.
Players
Irving 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