Updated Oct 29, 2024
Fairfield Residential Acquires Multifamily Property In Plano From Catalyst Urban Development
4925 Rasor Boulevard, Plano, TX, USA
Building Size
6,111,368 SF
Asset Type
MultiFamily
Closing
Dec 21, 2020
About this deal
AI
The multifamily property located at 4925 Rasor Boulevard in Plano has been sold in a recent transaction. The property consists of 320 units and is situated in a desirable location within the market. The sale was completed on 12/22/2020.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 4925 Rasor Boulevard, Plano
- Market: Plano
- Units: 320
The seller, Catalyst Urban Development, successfully completed the sale of the property to the buyer, Fairfield Residential. The transaction was facilitated by the brokers Drew Kile, Will Balthrope, Joey Tumminello, and Grant Raymond from Marcus & Millichap. These individuals played a crucial role in ensuring the smooth execution of the deal.
Players
Plano 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