S2 Capital Acquires Multifamily Portfolio In Garland, Mesquite, Plano, & Dallas
241 East Interstate 30
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Apr 6, 2021
AI
An undisclosed multifamily property located at 241 E Interstate 30, 3718 Gus Thomasson Rd, 2525 Preston Rd, 18959 Dallas Pkwy, and 14145 Noel Rd in Garland, Mesquite, Plano, and Dallas was recently sold. The transaction took place on 04/07/2021, and the property consists of 2,000 units. The buyer of the property was S2 Capital, represented by Scott Everett. The deal involved multiple brokers, including NorthMarq, Newmark, and Eastdil Secured.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 2,000
The sale of this multifamily property in Garland, Mesquite, Plano, and Dallas involved several key individuals and companies. Scott Everett, representing S2 Capital, acted as the buyer in this transaction. The deal was facilitated by brokers from NorthMarq, Newmark, and Eastdil Secured.
Players
Garland 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