Updated Oct 28, 2024
CAT Equity Acquires Multifamily Property In Garland From Antelope Investment Properties
245 South Barnes Drive, Garland, TX 75042
Building Size
1,017 SF
Asset Type
MultiFamily
Closing
Jun 21, 2020
About this deal
AI
An multifamily property located at 245 S Barnes Drive in Garland has recently been sold. The property consists of 216 units and spans across 1,017 square feet. This transaction took place on 06/21/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 245 S Barnes Drive, Garland
- Market: Garland
- Size: 1,017 square feet
- Units: 216
The seller of the property is Antelope Investment Properties, while the buyer is CAT Equity. The deal was facilitated by Pete Hartnett, Rowan Burch, Coleton Burch, and Matt Waskow of Rowan Multifamily Advisors, representing both the buyer and the seller.
On the Map
MultiFamily
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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