Updated Oct 29, 2024
Excelsa Properties Acquires 260-Unit Multifamily In Farmers Branch
1851 Knightsbridge Rd, Farmers Branch, TX 75234, USA
Building Size
1,305 SF
Asset Type
MultiFamily
Closing
Oct 8, 2020
About this deal
AI
The multifamily property located at 1851 Knightsbridge Road in Farmers Branch has been sold in a recent transaction. The property consists of 260 units and was acquired by Excelsa Properties, represented by David Fletcher.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Date: 10/09/2020
- Address: 1851 Knightsbridge Road
- Market: Farmers Branch
- Units: 260
- Buyer: Excelsa Properties - David Fletcher
David Fletcher, representing Excelsa Properties, played a significant role in the acquisition of the multifamily property. Additional information about the transaction, such as the sale price and other individuals involved, was not provided.
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MultiFamily
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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