Magellan Investment Partners Acquires 300-Unit Multifamily Property In McKinney, TX
SOLD
Texas
See Similar DealsMultiFamily
Sold 09/11/2022
SOLD
Magellan Investment Partners Acquires 300-Unit Multifamily Property In McKinney, TX
1760 N Ridge Rd, McKinney, Texas 75071, United States
See Similar DealsMultiFamily
Sold 09/11/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 1760 North Ridge Road in McKinney, TX has been sold in a recent transaction. The property consists of 300 units and was sold by Cross Development & Kalterra Capital Partners. The buyer in this transaction is Magellan Investment Partners. The deal was facilitated by JLL, who represented both the buyer and the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 300
- Market: McKinney, TX
The sale of this multifamily property marks another successful transaction for the real estate market in McKinney, TX. The involvement of Magellan Investment Partners as the buyer and Cross Development & Kalterra Capital Partners as the seller highlights the confidence and interest in the multifamily market. The transaction was facilitated by JLL, showcasing their expertise in the real estate industry.
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Operating Income
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Net Operating Income (NOI)
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Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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