Richard Fishman Of ValCap Acquires Multifamily Asset From Paul Panza Of Bellevue Living In Plano
SOLD
Texas
See Similar DealsMultiFamily265,760 SF
Sold
SOLD
Richard Fishman Of ValCap Acquires Multifamily Asset From Paul Panza Of Bellevue Living In Plano
2401 West Spring Creek Parkway
See Similar DealsMultiFamily265,760 SF
Sold
Summary
TEXAS
Asset Type:MultiFamily
Total Square Footage:265,760 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily unit located at 2401 West Spring Creek Parkway, Plano. This asset comprises 278 units and has a total square footage of 265,760.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Buyer: Richard Fishman - ValCap
- Seller: Paul Panza - Bellevue Living
- Broker: Mark Allen - Colliers
- Date of Transaction: 12/11/2025
This transaction involved key players in the real estate market, with Richard Fishman representing ValCap as the buyer and Paul Panza representing Bellevue Living as the seller. The brokerage firm Colliers, led by Mark Allen, facilitated the deal.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,000,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$266,459.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$355,538.26
Annual Debt Service$4,266,459.16
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