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
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