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Phillip Huffines Of Huffines Communities Sells 282-Unit Heritage Towers In Lewisville
SOLD
Texas
See Similar DealsMultiFamily
Sold 05/12/2025
SOLD
Phillip Huffines Of Huffines Communities Sells 282-Unit Heritage Towers In Lewisville
1600 North Summit Avenue
See Similar DealsMultiFamily
Sold 05/12/2025
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The sale involves a multi-family asset comprising 282 units located at 1600 North Summit Avenue in Lewisville, Texas. The property is situated in a rapidly growing submarket of Dallas-Fort Worth, which is characterized by strong job and population growth.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Units: 282
- Address: 1600 North Summit Avenue
- Market: Lewisville
- Seller: Phillip Huffines - Huffines Communities
- Brokers: Asher Hall & Grant Raymond - Cushman & Wakefield
Cushman & Wakefield represented Huffines Communities in brokering the sale of the Heritage Towers. The buyer remains undisclosed, indicating that further details about the acquiring party are not available.
Players
SELLER
Details
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30 years
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Operating Income
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Debt Service Coverage Ratio (DSCR)
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Cap Rate
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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