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2300 Paluxy Highway, Granbu...

Lloyd Jones Senior Living Acquires Multifamily Property In Granbury
SOLDMultiFamily

Lloyd Jones Senior Living Acquires Multifamily Property In Granbury

2300 Paluxy Highway, Granbury, Texas 76048, United States

Building Size

Asset Type

MultiFamily

Closing

Sep 11, 2022

AI

A multifamily property located at 2300 Paluxy Hwy in Granbury was recently sold in a transaction facilitated by brokers Charles Bissell and Dean Ferris from JLL. The property consists of 75 units spread across 30 acres. The sale took place on 9th December 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 2300 Paluxy Hwy
  • Market: Granbury
  • Units: 75
  • Acres: 30

The buyer of the property is Lloyd Jones Senior Living, while the seller is Living Care Lifestyles. The deal was facilitated by Charles Bissell and Dean Ferris from JLL.

Players

Dean Ferris

JLL

Broker

$97.2M

vol

3 deals

Broker

Lloyd Jones

Buyer

$356.1M

vol

8 deals

Buyer

Granbury 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