NorthMarq Brokers Facilitate Sale Of 240-Unit Encore Apartments In Dallas
4700 Tribeca Lane
Building Size
—
Asset Type
MultiFamily
Closing
Jun 7, 2024
AI
The 240-unit Encore Apartments located at 4700 Tribeca Lane in Dallas, Texas were sold in a transaction arranged by NorthMarq. The sale was facilitated by brokers Charles Hubbard, Eric Stockley, and Taylor Snoddy from NorthMarq.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 4700 Tribeca Lane
- Market: Plano
- Brokers: Charles Hubbard, Eric Stockley, & Taylor Snoddy - NorthMarq
NorthMarq played a vital role in the sale of the Encore Apartments, with brokers Charles Hubbard, Eric Stockley, and Taylor Snoddy successfully completing the transaction. The deal showcases the expertise and professionalism of the NorthMarq team in facilitating real estate transactions.
Players
Plano 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