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2710 West Walnut Street

Global Real Estate Advisors (GREA) Facilitates Sale Of Garland Multifamily Complex
SOLDMultiFamily

Global Real Estate Advisors (GREA) Facilitates Sale Of Garland Multifamily Complex

2710 West Walnut Street

Building Size

Asset Type

MultiFamily

Closing

Nov 17, 2023

AI

Global Real Estate Advisors (GREA) facilitated the sale of Woods Edge Apartments, a 109-unit multifamily complex located at 2710 West Walnut Street in Garland, Dallas. The property, built in the 1960s, was sold to an undisclosed out-of-state buyer. The transaction was completed on November 17, 2023.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: Not disclosed
  • Number of Units: 109
  • Address: 2710 West Walnut Street, Garland, Dallas
  • Market: Garland

Mark Allen of Global Real Estate Advisors (GREA) represented the seller, Entrust Investment Group, in the sale of Woods Edge Apartments. The buyer's identity remains undisclosed. The transaction marks another successful deal facilitated by GREA in the Dallas market.

Players

Mark Allen

Colliers

Broker

$140.3M

vol

33 deals

Broker

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