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1702 N Jupiter Rd, Garland,...

1702 N Jupiter Rd
SOLDMultiFamily

1702 N Jupiter Rd

1702 N Jupiter Rd, Garland, TX, 75042

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The transaction involves the sale of Creekside on the Green, a 296-unit apartment community located at 1702 N Jupiter Rd, Garland, TX 75042, within the Garland market. The property is situated in a northeastern suburb of Dallas and has recently undergone over $1 million in capital improvements since 2016, including full upgrades to approximately one-third of the units, as well as enhancements to the leasing office, fitness center, and pool area.

Summary of transaction details:

  • Property Type: Apartment Community
  • Transaction Amount: Undisclosed
  • Square Footage: 0
  • Address: 1702 N Jupiter Rd, Garland, TX 75042
  • Market: Garland
  • Seller: RS Creekside LLC
  • Buyer: Roseview Winn Acquisition LLC
  • Seller's Representatives: Chris Deuillet-CBRE, Daniel Baker-CBRE

CBRE facilitated the sale with representatives Chris Deuillet, Chandler Sims, and Danny Baker handling the transaction on behalf of the seller. The purchasers, Roseview Winn Acquisition LLC, are acquiring this asset in the context of ongoing interest in the multifamily housing market in the Dallas area.

Players

Chris Deuillet

CBRE

Broker

$16.7M

vol

21 deals

Broker

Garland 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