Updated Oct 15, 2025
Gabe Craft And Aaron Katz Acquire Multifamily Property From David Yilmaz Living Trust In Irving
2800 West Pioneer Drive
Building Size
84,614 SF
Asset Type
MultiFamily
Closing
Oct 3, 2025
About this deal
AI
The property asset involved in the transaction is Oak Park, a multifamily property located at 2800 West Pioneer Drive in Irving, Texas. The asset comprises 84,614 square feet and includes 105 units situated on 3.32 acres.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Square Footage: 84,614
- Units: 105
- Acres: 3.32
- Buyer: Gabe Craft & Aaron Katz
- Seller: David Yilmaz Living Trust
- Brokers: Nick Fluellen & Bard Hoover - Marcus & Millichap
In this transaction, Bard Hoover and Nick Fluellen of Marcus & Millichap represented the seller, David Yilmaz Living Trust, while securing the buyer, Gabe Craft and Aaron Katz, for the property. The deal signifies the ongoing activity in the multifamily market within Irving.
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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