Updated Dec 4, 2024
Global Real Estate Advisors (GREA) Facilitates Sale Of Garland Multifamily Complex
2710 West Walnut Street
Units
109
Asset Type
MultiFamily
Closing
Nov 17, 2023
About this deal
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
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