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360 Kirkpatrick Drive

Juniper Investment Group Acquires 257 Multifamily Units In Weatherford
SOLDMultiFamily

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

Grant Raymond

Cushman & Wakefield

Broker

$350M

vol

26 deals

Broker

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