McGuire Family Properties Acquires 118-Unit Las Misiones Apartments In Mission, Rio Grande Valley
3807 Plantation Grove Boulevard
Building Size
—
Asset Type
MultiFamily
Closing
Jan 10, 2024
AI
Las Misiones Apartments, a 118-unit multifamily complex located at 3807 Plantation Grove Boulevard in Mission, Rio Grande Valley, has been sold to McGuire Family Properties in an undisclosed deal. The property, built in 2005, offers various one- to three-bedroom units and amenities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Number of Units: 118
- Buyer: McGuire Family Properties - Bryan McGuire
- Brokers: Brian Booth, Bryan VanCura, Moses Siller, Phil Grafe, and Zar Haro - NorthMarq
- Market: Mission
This transaction involved the sale of Las Misiones Apartments to McGuire Family Properties. The buyer, represented by Bryan McGuire of McGuire Family Properties, acquired the 118-unit multifamily complex. The deal was facilitated by a team of NorthMarq brokers, including Brian Booth, Bryan VanCura, Moses Siller, Phil Grafe, and Zar Haro.
Players
Mission 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