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JM Lakeside LLC Acquires Lakeside Village Multifamily In Wylie, Texas

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SOLD

Texas

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MultiFamily65,200 SF
Sold 06/18/2024
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SOLD

JM Lakeside LLC Acquires Lakeside Village Multifamily In Wylie, Texas

301 West Kirby Street

See Similar Deals
MultiFamily65,200 SF
Sold 06/18/2024
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:65,200 SF
Transaction Type:Sale

The sale of Lakeside Village, a 76-unit apartment community located at 301 West Kirby Street in Wylie, Texas, has been facilitated by Marcus & Millichap. The property spans 65,200 square feet and sits on 2.12 acres of land, showcasing significant value-add potential through ongoing interior upgrades.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Units: 76
  • Square Footage: 65,200
  • Address: 301 West Kirby Street
  • Market: Wylie

Bard Hoover, Chris Pearson, and Nick Fluellen from Marcus & Millichap played crucial roles as brokers in this transaction, representing the buyer, JM Lakeside LLC, and the seller, Wolfe Kirby LLC. The property garnered significant interest with over 30 offers, highlighting its appeal in the market and the potential for achieving $125 increases in monthly rents through interior upgrades.

Players

Nick Fluellen
38 deals$8.5M volume(972) 755-5214
BROKER

Bard Hoover
Marcus & Millichap
39 deals$8.5M volume
BROKER

Chris Pearson
Marcus & Millichap
3 deals
BROKER

Details

SOLD
IMAGE: Bard Hoover, Chris Pearson & Nick Fluellen DATE: 06/18/2024 ADDRESS: 301 West Kirby Street MARKET: Wylie ASSET TYPE: Multifamily ~ UNITS: 76 ~ SF: 65,200 ~ ACRES: 2.12 BUYER: JM Lakeside LLC SELLER: Wolfe Kirby LLC BROKERS: Bard Hoover, Chris Pearson & Nick Fluellen (@Nick_Fluellen) - Marcus & Millichap (@MarcusMillichapinc) NOTE: Marcus & Millichap facilitated the sale of Lakeside Village, a 76-unit apartment community spanning 65,200 square feet in Wylie, Texas, underscoring its appeal with over 30 offers. Positioned in a sought-after submarket, the property presents significant value-add potential through ongoing interior upgrades, aiming to achieve $125 increases in monthly rents.

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