Reap Capital Acquires Multifamily Property In Irving With Buyer's Rep Daniel Alexander & Yusef Alexander
1929 E Grauwyler Rd, Irving, TX, USA
Building Size
—
Asset Type
MultiFamily
Closing
Jun 4, 2020
AI
The multifamily property located at 1929 E Grauwyler Rd in Irving has been sold in a recent transaction. The property consists of 136 units and was sold by Lane Star Properties to Reap Capital, represented by Daniel Alexander and Yusef Alexander. The sale was facilitated by brokers Chris Deuillet, William Hubbard, William Givens, and Robert Siddall from CBRE.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 136
- Seller: Lane Star Properties
- Buyer: Reap Capital - Daniel Alexander & Yusef Alexander
- Brokers: Chris Deuillet, William Hubbard, William Givens, & Robert Siddall - CBRE
The individuals involved in the transaction include William Hubbard, Robert Siddall, Chris Deuillet, Daniel Alexander, Yusef Alexander, and William Givens. These key individuals played a crucial role in ensuring the successful completion of the deal. The property's location in Irving adds to its appeal in the market, making it an attractive investment opportunity.
Players
Irving 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