Updated Dec 21, 2023
CBRE Global Investors Acquires 376-Unit Multifamily Property In McKinney
5701 McKinney Pl Dr, McKinney, TX 75070, USA
Building Size
437,448 SF
Asset Type
MultiFamily
Closing
Sep 21, 2020
About this deal
AI
The multifamily property located at 5701 McKinney Place Drive in McKinney has been sold. The property consists of 376 units and was sold by ZOM Living. The sale was facilitated by Brian O’Boyle Jr. and Brian Murphy of Newmark Knight Frank, acting as the seller's representatives. The buyer was represented by CBRE Global Investors.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 5701 McKinney Place Drive
- Market: McKinney
- Units: 376
- Seller: ZOM Living
- Seller's Rep: Brian O’Boyle Jr. & Brian Murphy - Newmark Knight Frank
- Buyer's Rep: CBRE Global Investors
The involvement of CBRE Global Investors as the buyer's representative highlights their role in the transaction. This deal showcases the collaboration between the seller's representatives, Brian O’Boyle Jr. and Brian Murphy of Newmark Knight Frank, and the buyer's representative. The success of this transaction further strengthens the relationship between these key individuals and their respective companies.
Players
McKinney MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily sales on Traded.
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