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1910 Josey Lane

Cantera CRG LLC Acquires 172-Unit Multifamily Community In Carrollton From Touro Company And Catalyst Equity Partners
SOLDMultiFamily

Cantera CRG LLC Acquires 172-Unit Multifamily Community In Carrollton From Touro Company And Catalyst Equity Partners

1910 Josey Lane

Building Size

Asset Type

MultiFamily

Closing

Oct 18, 2024

AI

The property involved in the transaction is a multifamily apartment community located at 1910 South Josey Lane in Carrollton, Texas. The asset comprises 172 units spread over 6.2 acres and offers a mix of one- and two-bedroom configurations. The property was originally built in 1969, showcasing a variety of amenities catering to resident needs.

Summary of transaction details:

This deal reflects a strong market demand, evidenced by over 170 signed confidentiality agreements and 12 competitive offers. The transaction was facilitated by the brokerage team from Marcus & Millichap, representing the involved parties through a competitive sales process.

Players

Nick Fluellen

Marcus & Millichap

Broker

$8.5M

vol

38 deals

Broker

Carrollton 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