Updated Oct 28, 2024
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
About this deal
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.
Traded’s record for 1760 Lookout Drive, Garland, TX 75044 in Garland, Texas covers a multifamily sale from 2021. Reported inventory is 435 units across 435 units. Named participants on the 1760 Lookout Drive, Garland, TX 75044 sale are Peter Calatozzo, Josh Kogel. This page is the Garland, Texas file for the 1760 Lookout Drive, Garland, TX 75044 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Garland sit in the Market section below. Filter that Garland multifamily set by closing date to see what else sold near 1760 Lookout Drive, Garland, TX 75044 around 2021. Cite this The Praedium Group Acquires Multifamily Property In Garland With Buyer's Rep Peter Calatozzo & Josh Kogel & Seller's Rep OHT Partners sale when underwriting similar multifamily product around Garland, Texas.
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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