facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

1910 Josey Lane

Updated Dec 4, 2024

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

Units

172

Asset Type

MultiFamily

Closing

Oct 18, 2024

About this deal

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

40 deals

Broker

Carrollton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

Visit Wesley "Wes" Racht to view all their deals.

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

More Deals

Nearby Markets