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
Building Size
—
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