Updated Dec 4, 2024
Buchanan Street Partners Acquires Multifamily Property In Grand Prairie From Trinsic Residential Group
3651 Prairie Waters Drive, Grand Prairie, TX 75052
Building Size
719 SF
Asset Type
MultiFamily
Closing
Nov 11, 2020
About this deal
AI
A multifamily property located at 3651 Prairie Waters Drive in Grand Prairie has been sold in a recent transaction. The property consists of 351 units and was sold on November 12, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3651 Prairie Waters Drive, Grand Prairie
- Market: Grand Prairie
- Seller: Trinsic Residential Group
- Buyer: Buchanan Street Partners
Drew Kile & Joey Tumminello from Institutional Property Advisors represented both parties as brokers in this transaction.
Traded’s record for 3651 Prairie Waters Drive, Grand Prairie, TX 75052 in Grand Prairie, Texas covers a multifamily sale from 2020. Reported inventory is 719 square feet across 351 units, or about 0 per square foot. Joey Tumminello, Drew Kile, Institutional Property Advisors appear on the sale alongside Institutional Property Advisors. This page is the Grand Prairie, Texas file for the 3651 Prairie Waters Drive, Grand Prairie, TX 75052 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Grand Prairie sit in the Market section below. Filter that Grand Prairie multifamily set by closing date to see what else sold near 3651 Prairie Waters Drive, Grand Prairie, TX 75052 around 2020. Cite this Buchanan Street Partners Acquires Multifamily Property In Grand Prairie From Trinsic Residential Group sale when underwriting similar multifamily product around Grand Prairie, Texas.
Players
Grand Prairie MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily sales on Traded.
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