Updated Dec 21, 2023
National Asset Services Acquires Multifamily Property In Denton With Karen E. Kennedy
3232 North Locust Street, Denton, TX 76207, USA
Building Size
202,276 SF
Asset Type
MultiFamily
Closing
Apr 13, 2021
About this deal
AI
The multifamily property located at 3232 N Locust St in Denton has recently been sold. The transaction took place on April 14, 2021. The property was represented by Karen E. Kennedy from National Asset Services (NAS). The property is situated in the Denton market and covers an area of 202,276 square feet. It consists of 240 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: not specified
- Address: 3232 N Locust St
- Market: Denton
- Asset Type: Multifamily
- SF: 202,276
- Units: 240
- BROKER: National Asset Services (NAS) - Karen E. Kennedy
Karen E. Kennedy, representing National Asset Services (NAS), facilitated the sale of the property. Additional information about the transaction, such as the sale price and buyer details, is not available.
Players
Denton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily sales on Traded.
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