Updated Dec 4, 2024
Buchanan Street Partners Acquires 354-Unit Multifamily Property In McKinney, TX From JPI
1703 Rockhill Road, McKinney, Texas 75069, United States
Units
354
Asset Type
MultiFamily
Closing
Nov 18, 2022
About this deal
AI
The multifamily property located at 1703 Rockhill Road in McKinney, TX has been sold in a recent transaction. The property is comprised of 354 units, making it a significant asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 354
- Address: 1703 Rockhill Road, McKinney, TX
- Market: McKinney, TX
The buyer involved in the transaction is Buchanan Street Partners, while the seller is JPI represented by Matt Brendel.
Traded’s record for 1703 Rockhill Road, McKinney, Texas 75069, United States in McKinney, Texas covers a multifamily sale from 2022. Reported inventory is 354 units across 354 units. This page is the McKinney, Texas file for the 1703 Rockhill Road, McKinney, Texas 75069, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same McKinney sit in the Market section below. Filter that McKinney multifamily set by closing date to see what else sold near 1703 Rockhill Road, McKinney, Texas 75069, United States around 2022. Cite this Buchanan Street Partners Acquires 354-Unit Multifamily Property In McKinney, TX From JPI sale when underwriting similar multifamily product around McKinney, Texas.
Players
McKinney MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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