Updated Oct 29, 2024
Justin Li Acquires 158-Unit Multifamily Property In Dallas From AmeriCan Multifamily Alliance Group
2700 N Buckner Blvd, Dallas, TX 75228, USA
Building Size
70,200 SF
Asset Type
MultiFamily
Closing
Oct 7, 2020
About this deal
AI
The multifamily property located at 2700 N. Buckner Blvd. in Dallas has been sold in a recent closed transaction. The property consists of 158 units and was sold by AmeriCan Multifamily Alliance Group. The buyer of the property is Justin Li. The sale was facilitated by brokers Chris Deuillet and William Hubbard of CBRE.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
Chris Deuillet and William Hubbard from CBRE played a crucial role in facilitating the transaction between the seller, AmeriCan Multifamily Alliance Group, and the buyer, Justin Li. Their expertise and negotiation skills helped bring the deal to a successful conclusion.
Players
Dallas 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