Continental Properties Sells 276 Unit Multifamily Asset At 2136 Sara Jane Parkway In Grand Prairie
2136 Sara Jane Parkway
Building Size
—
Asset Type
MultiFamily
Closing
Mar 19, 2025
AI
The asset involved in this transaction is a MultiFamily property located at 2136 Sara Jane Parkway in the Grand Prairie market, consisting of 276 units. The sale took place on March 19, 2025.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Address: 2136 Sara Jane Parkway
- Market: Grand Prairie
- Units: 276
- Seller: Continental Properties
The deal involved multiple brokers from Institutional Property Advisors, specifically Drew Kile, Taylor Hill, Michael Ware, and Cameron Purse, who represented the interests of the seller, Continental Properties.
Players
Grand Prairie 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