Updated May 19, 2026
Randy Pardue Of Pardue Companies Acquires Multifamily Asset In Garland From Wood Partners
3422 Firewheel Parkway
Building Size
239,599 SF
Asset Type
MultiFamily
Closing
May 12, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily asset located at 3422 Firewheel Parkway in Garland. The property comprises 250 units and has a total square footage of 239,599.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Buyer: Randy Pardue - Pardue Companies
- Seller: Wood Partners
- Seller's Representative: William Hubbard, Joey Tumminello, Taylor Hill, Drew Kile & Michael Ware - Institutional Property Advisors
The transaction was marked by the involvement of Randy Pardue, representing Pardue Companies, as the buyer, and Wood Partners as the seller. The seller's representatives from Institutional Property Advisors played a key role in facilitating this transaction.
On the Map
MultiFamily
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Garland 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