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
Tyler 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