Updated Oct 29, 2024
Lone Star Funds Acquires Multifamily Property In Garland From JPI
4501 North Garland Avenue, Garland, TX, USA
Building Size
433,745 SF
Asset Type
MultiFamily
Closing
Feb 16, 2021
About this deal
AI
The multifamily property at 4501 N Garland Ave in Garland has been sold. The transaction took place on February 17, 2021. The property, spanning across 15 acres, was acquired by Lone Star Funds.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 4501 N Garland Ave
- Market: Garland
JPI, represented by Blake Taylor, acted as the seller in this deal.
Traded’s record for 4501 North Garland Avenue, Garland, TX, USA in Garland, Texas covers a multifamily sale from 2021. The building is 433,745 square feet, implying about 0 per square foot on the published price. This page is the Garland, Texas file for the 4501 North Garland Avenue, Garland, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Garland sit in the Market section below. Filter that Garland multifamily set by closing date to see what else sold near 4501 North Garland Avenue, Garland, TX, USA around 2021. Cite this Lone Star Funds Acquires Multifamily Property In Garland From JPI sale when underwriting similar multifamily product around Garland, Texas.
Garland 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