facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

1900 West Kingsley Road, Ga...

Global Real Estate Advisors Acquire 851-Unit Multifamily Portfolio In Garland, Fort Worth, And Irving
SOLDMultiFamily

Global Real Estate Advisors Acquire 851-Unit Multifamily Portfolio In Garland, Fort Worth, And Irving

1900 West Kingsley Road, Garland, Texas 75041, United States

Building Size

Asset Type

MultiFamily

Closing

Jun 6, 2022

AI

The recently closed transaction involves the sale of a multifamily property in Garland, Fort Worth, and Irving. The property consists of 851 units and is located at 1900 W Kingsley Rd, 5320 E Rosedale St, 1711 W Royal Lane, and 3400-3450 Western Center Blvd.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 1900 W Kingsley Rd, 5320 E Rosedale St, 1711 W Royal Lane & 3400-3450 Western Center Blvd
  • Market: Garland, Fort Worth & Irving
  • Units: 851

The sale was facilitated by Mark Allen and Zac Thomas from Global Real Estate Advisors. They represented the parties involved in the transaction, providing their expertise and assistance throughout the deal.

Players

Mark Allen

Colliers

Broker

$140.3M

vol

33 deals

Broker

Garland MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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