Western Wealth Capital Acquires Multifamily Property In Lewisville From LumaCorp
256 East Corporate Drive, Lewisville, TX, USA
Building Size
288,735 SF
Asset Type
MultiFamily
Closing
Mar 2, 2021
AI
The multifamily property located at 256 E Corporate Dr in Lewisville has been sold in a recent transaction. The property consists of 372 units and was acquired by Western Wealth Capital from the seller, LumaCorp.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 03/03/2021
- Address: 256 E Corporate Dr
- Market: Lewisville
- Units: 372
The sale of this multifamily property was facilitated by brokers Joey Tumminello, Will Balthrope, and Asher Hall from IPA, as well as Bard Hoover and Nick Fluellen from Marcus & Millichap.
Players
Lewisville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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