Updated Oct 28, 2024
37th Parallel Properties Acquires 252-Unit Multifamily Property In Wylie, TX
3400 Mcmillen Road, Wylie, Texas 75098, United States
Units
252
Asset Type
MultiFamily
Closing
Aug 17, 2022
About this deal
AI
A multifamily property located at 3400 McMillen Rd in Wylie has been sold. The transaction involved the sale of a 252-unit multifamily property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Date: August 18, 2022
- Market: Wylie
- Address: 3400 McMillen Rd
- Units: 252
The buyer in this transaction is 37th Parallel Properties, represented by Dan Chamberlain, Chad Doty, and Doug Fraser.
Cutt Ableson of Berkadia served as the mortgage broker for this transaction.
Traded’s record for 3400 Mcmillen Road, Wylie, Texas 75098, United States in Wylie, Texas covers a multifamily sale from 2022. Reported inventory is 252 units across 252 units. Cutt Ableson, Dan Chamberlain, Chad Doty, Berkadia appear on the sale alongside Berkadia. This page is the Wylie, Texas file for the 3400 Mcmillen Road, Wylie, Texas 75098, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Wylie sit in the Market section below. Filter that Wylie multifamily set by closing date to see what else sold near 3400 Mcmillen Road, Wylie, Texas 75098, United States around 2022. Cite this 37th Parallel Properties Acquires 252-Unit Multifamily Property In Wylie, TX sale when underwriting similar multifamily product around Wylie, Texas.
Players
Wylie 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