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4600 Paluxy Drive

CR Capital Acquires 226-Unit Multifamily Property In Tyler, TX From Pardue Companies
SOLDMultiFamily

CR Capital Acquires 226-Unit Multifamily Property In Tyler, TX From Pardue Companies

4600 Paluxy Drive

Building Size

152,280 SF

Asset Type

MultiFamily

Closing

Oct 11, 2022

AI

The multifamily property located at 4600 Paluxy Dr in Tyler, TX has been sold in a recent transaction. The property, spanning 152,280 square feet, consists of 226 units. The sale took place on 10/11/2022 in the Tyler market.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not provided in the CONTEXT
  • Address: 4600 Paluxy Dr
  • Market: Tyler, TX
  • Units: 226
  • Square Footage: 152,280

The buyer of the property is CR Capital, while the seller is Pardue Companies. Representing the transaction on behalf of the buyer, seller, and landlord, were Chris Deuillet, William Hubbard, and Jaxx Davies of CBRE.

Players

Chris Deuillet

CBRE

Broker

$16.7M

vol

21 deals

Broker
PC
Pardue CompaniesSeller

Tyler 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