MBP Capital Acquires 60-Unit Multifamily Property In McKinney, TX
1904 White Avenue
Building Size
51,300 SF
Asset Type
MultiFamily
Closing
Oct 28, 2022
AI
The multifamily property located at 1904 W White Ave in McKinney, TX has been sold in a closed transaction. The property consists of 60 units with a total square footage of 51,300. The sale took place on October 28, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1904 W White Ave, McKinney, TX
- Market: McKinney, TX
- Number of Units: 60
- Total Square Footage: 51,300
The buyer of the property is MBP Capital Partners, while the seller is Knight REI Group. The transaction was facilitated by the brokers Chris Deuillet, William Hubbard, and Jaxx Davies from CBRE.
Players
McKinney 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