Updated Dec 21, 2023
FCP And S2 Capital Acquire Multifamily Property In Irving For $UndisclosedM
5342 Bond Street, Irving, TX 75038
Building Size
1,271 SF
Asset Type
MultiFamily
Closing
Jun 2, 2020
About this deal
AI
5342 Bond St in Irving has been sold in a recent transaction. The property is a multifamily asset with a total of 308 units. The sale took place on 06/02/2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Date: 06/02/2021
- Address: 5342 Bond St, Irving
- Market: Irving
- Units: 308
The buyer of this property is FCP represented by Esko Korhonen, Alex Marshall, and Lacy Rice. Additionally, S2 Capital represented by Scott Everett was also involved in the purchase. The deal was facilitated by JLL.
Players
Irving 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