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2701 Grapevine Mills Blvd N...

Carlyle Group And VCT Capital Partners Sell Grapevine Multifamily Property
SOLDMultiFamily

Carlyle Group And VCT Capital Partners Sell Grapevine Multifamily Property

2701 Grapevine Mills Blvd N, Grapevine, TX, USA

Building Size

1,163 SF

Asset Type

MultiFamily

Closing

Mar 11, 2021

AI

The multifamily property located at 2701 Grapevine Mills Blvd N in Grapevine has been sold. The property consists of 392 units and was sold on March 12, 2021. The sale was facilitated by Institutional Property Advisors - Marcus & Millichap on behalf of the sellers, The Carlyle Group & VCT Capital Partners.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Address: 2701 Grapevine Mills Blvd N
  • Market: Grapevine
  • Units: 392

The sellers, The Carlyle Group & VCT Capital Partners, enlisted the services of Institutional Property Advisors - Marcus & Millichap to represent them in this transaction. The brokers involved in the deal were Drew Kile, Joey Tumminello, and Will Balthrope.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

81 deals

Broker
Carlyle Group
Carlyle GroupSeller

Grapevine 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