SOLDMultiFamily
37th Parallel Properties Acquires 252-Unit Multifamily Property In Wylie, TX
3400 Mcmillen Road, Wylie, Texas 75098, United States
Building Size
—
Asset Type
MultiFamily
Closing
Aug 17, 2022
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.
Players
Wylie MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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