facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

4701 Preston Park Boulevard...

S2 Capital Acquires Multifamily Property In Plano With Buyer's Rep Ryan Everett & Broker Brian O'Boyle Jr
SOLDMultiFamily

S2 Capital Acquires Multifamily Property In Plano With Buyer's Rep Ryan Everett & Broker Brian O'Boyle Jr

4701 Preston Park Boulevard, Plano, Texas 75093, United States

Building Size

15 SF

Asset Type

MultiFamily

Closing

Mar 31, 2022

AI

Located at 4701 Preston Park Boulevard in Plano, this multifamily property spans over 15 acres and consists of 266 units. The sale of this property took place on April 1, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Market: Plano
  • Units: 266
  • Acres: 15

The buyer of this property was S2 Capital, LLC, with Ryan Everett representing the company. The transaction was facilitated by Brian O’Boyle Jr. from Newmark as the broker.

The mortgage brokers involved in this deal were Henry Stimler, Bill Weber, and Ari Schwartzbard from Newmark.

Players

Brian O’Boyle Jr

Newmark

Broker

$65M

vol

19 deals

Broker
S2 Capital
S2 CapitalBuyer

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