The Praedium Group Acquires Multifamily Property In Garland With Buyer's Rep Peter Calatozzo & Josh Kogel & Seller's Rep OHT Partners
1760 Lookout Drive, Garland, TX 75044
Units
435
Asset Type
MultiFamily
Closing
Dec 13, 2021
AI
The multifamily property located at 1760 Lookout Dr in Garland has been sold. The transaction, which took place on 12/13/2021, involved a total of 435 units. The property, owned by OHT Partners, was acquired by The Praedium Group, represented by Peter Calatozzo and Josh Kogel.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
Peter Calatozzo and Josh Kogel, representing The Praedium Group, successfully completed the acquisition of the property from OHT Partners.
Players
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