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2116 Marsh Lane, Carrollton...

Pegasus Real Estate Sells Carrollton Multifamily Building With 264 Units
SOLDMultiFamily

Pegasus Real Estate Sells Carrollton Multifamily Building With 264 Units

2116 Marsh Lane, Carrollton, Texas 75006, United States

Building Size

Asset Type

MultiFamily

Closing

Apr 25, 2022

AI

The multifamily property located at 2116 Marsh Ln in Carrollton has been sold. The property consists of 264 units and was sold by Pegasus Real Estate.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Address: 2116 Marsh Ln, Carrollton
  • Market: Carrollton
  • Number of Units: 264

The sale of the property was facilitated by the team at Newmark, including Brian Murphy, Richard Furr, Brian O'Boyle, Jr., and Jakob Andersen. They represented Pegasus Real Estate in the transaction.

Players

Jakob Andersen

Newmark

Broker

$13.9M

vol

5 deals

Broker
PE
Pegasus Real EstateSeller

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