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241 East Interstate 30

S2 Capital Acquires Multifamily Portfolio In Garland, Mesquite, Plano, & Dallas
SOLDMultiFamily

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

Scott Everett

S2 Capital

Buyer

$337M

vol

10 deals

Buyer

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