Atlantic Multifamily Sells 192-Unit The Destino Apartment Complex In Grand Prairie Texas
2815 Osler Drive
Building Size
—
Asset Type
MultiFamily
Closing
Jan 30, 2025
AI
The transaction involved a 192-unit apartment complex located at 2815 Osler Drive in Grand Prairie, TX. This multifamily asset, known as The Destino, was listed under the management of Atlantic Multifamily. Specific details regarding the selling price were not disclosed.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not Disclosed
- Address: 2815 Osler Drive
- Market: Grand Prairie
- Units: 192
- Seller: Atlantic Multifamily
- Buyer: New York-based private investor
- Broker Representatives: Al Silva & Ford Braly - Marcus & Millichap
Al Silva and Ford Braly of Marcus & Millichap represented the seller, Atlantic Multifamily, in this deal and were instrumental in securing a buyer for the property, showcasing their expertise in the multifamily market in Grand Prairie.
Players
Grand Prairie 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