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3338 Willow Creek Drive, Ir...

BKE Capital Acquires Multifamily Property In Irving From Seller KNS Investments LLC
SOLDMultiFamily

BKE Capital Acquires Multifamily Property In Irving From Seller KNS Investments LLC

3338 Willow Creek Drive, Irving, TX 75061, USA

Building Size

123,348 SF

Asset Type

MultiFamily

Closing

Oct 6, 2021

AI

The multifamily property located at 3338 Willow Creek Dr has been sold. The property, situated in Irving, consists of 228 units and spans a total area of 123,348 square feet. The transaction took place on October 6, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 3338 Willow Creek Dr
  • Market: Irving
  • Units: 228
  • Square Feet: 123,348

The buyer of the property is BKE Capital, while the seller is KNS Investments LLC. The deal was facilitated by brokers Matt Waskow, Rowan Burch, Coleton Burch, and Conner Martin.

Players

Matt Waskow

Rowan Multifamily Advisors

Broker

$41.9M

vol

7 deals

Broker

Irving 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