facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

3422 Firewheel Parkway

Randy Pardue Of Pardue Companies Acquires Multifamily Asset In Garland From Wood Partners
SOLDMultiFamily

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

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:

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.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

81 deals

Broker
Wood Partners
Wood PartnersSeller

Garland 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