Updated Dec 21, 2023
Todd Bancroft & Blas Puzon Acquire 121-Unit Multifamily Property In McKinney
375 Adriatic Parkway, McKinney, TX, USA
Building Size
1,370 SF
Asset Type
MultiFamily
Closing
Dec 16, 2020
About this deal
AI
375 Adriatica Parkway, located in McKinney, was recently sold in a multifamily transaction. The property consists of 121 units and was sold on December 17, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Market: McKinney
- Buyer: Todd Bancroft & Blas Puzon - Draper and Kramer, Inc.
Todd Bancroft and Blas Puzon, representing Draper and Kramer, Inc., acted as the buyers in this transaction.
Traded’s record for 375 Adriatic Parkway, McKinney, TX, USA in McKinney, Texas covers a multifamily sale from 2020. Reported inventory is 1,370 square feet across 121 units, or about 0 per square foot. This page is the McKinney, Texas file for the 375 Adriatic Parkway, McKinney, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same McKinney sit in the Market section below. Filter that McKinney multifamily set by closing date to see what else sold near 375 Adriatic Parkway, McKinney, TX, USA around 2020. Cite this Todd Bancroft & Blas Puzon Acquire 121-Unit Multifamily Property In McKinney sale when underwriting similar multifamily product around McKinney, Texas.
Players
McKinney MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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