Updated Dec 21, 2023
CREC Real Estate, LLC Acquires Multifamily Property In Grand Prairie With Buyer's Rep Aaron Dixon & BKE Capital LLC
531 South Belt Line Road, Grand Prairie, Texas 75051, United States
Building Size
52,918 SF
Asset Type
MultiFamily
Closing
Apr 21, 2022
About this deal
AI
A multifamily property located at 531 S Belt Line Rd in Grand Prairie has been sold. The property consists of 123 units and was sold on 04/22/2022. The buyer of the property is CREC Real Estate, LLC, represented by Aaron Dixon & BKE Capital LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 531 S Belt Line Rd
- Market: Grand Prairie
- Units: 123
Aaron Dixon and BKE Capital LLC were the buyers of the property, representing CREC Real Estate, LLC, in this transaction.
Players
Grand Prairie MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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