Updated Sep 14, 2026
Jordan Multifamily Acquires 61-Unit Multifamily Property In Lewisville, TX
322 Lake Park Road
Building Size
49,044 SF
Asset Type
MultiFamily
Closing
Oct 24, 2023
About this deal
AI
The multifamily property located at 322 Lake Park Road in Lewisville, TX has been sold in a recent transaction. The property consists of 61 units and spans a total of 49,044 square feet. The sale was completed on October 24, 2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 322 Lake Park Road, Lewisville, TX
- Market: Lewisville, TX
- Number of Units: 61
- Total Square Footage: 49,044 SF
The buyer of the property is Jordan Multifamily, while the seller is Randy Brimm. The transaction was facilitated by Chris Deuillet, William Hubbard, Matthew Pastrano, and Jaxx Davis of CBRE.
On the Map
MultiFamily
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Lewisville MultiFamily Market Snapshot
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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