Juniper Investment Group Acquires 257 Multifamily Units In Weatherford
360 Kirkpatrick Drive
Building Size
—
Asset Type
MultiFamily
Closing
Mar 19, 2024
AI
The multifamily property located at 360 Kirkpatrick Drive in Weatherford with a total of 257 units (Phase I & Phase II) was successfully sold in a recent transaction. The sale involved the Buyer, Juniper Investment Group, and the Seller, Trinity Capital Group. The deal was facilitated by brokers Asher Hall and Grant Raymond from Cushman & Wakefield.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 360 Kirkpatrick Drive
- Market: Weatherford
- Units: 257 (Phase I & Phase II)
Asher Hall and Grant Raymond from Cushman & Wakefield played crucial roles as the brokers in this property transaction. The Buyer, Juniper Investment Group, and the Seller, Trinity Capital Group, were the key parties involved in this successful deal.
Players
Weatherford 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