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575 Dickey Road

Mark Allen & Chibuzor Nnaji Of Global Real Estate Advisors Broker 175-Unit Multifamily Sale In Grand Prairie
SOLDMultiFamily

Mark Allen & Chibuzor Nnaji Of Global Real Estate Advisors Broker 175-Unit Multifamily Sale In Grand Prairie

575 Dickey Road

Building Size

Asset Type

MultiFamily

Closing

Jul 1, 2025

AI

A 175-unit garden-style apartment complex, Cottonwood Park Village, was recently sold in Grand Prairie, Texas. The property features a high occupancy rate of 92% and is strategically located between Dallas and Fort Worth, providing potential for future value-add renovations by the new owner to enhance performance while maintaining affordability.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Units: 175
  • Address: 575 Dickey Road
  • Market: Grand Prairie
  • Brokers: Mark Allen & Chibuzor Nnaji - Global Real Estate Advisors (GREA)

Mark Allen and Chibuzor Nnaji represented the buyer in this transaction, highlighting their involvement in facilitating the sale through Global Real Estate Advisors. GREA's expertise played a crucial role in the successful brokerage of this multifamily asset.

Players

Mark Allen

Colliers

Broker

$140.3M

vol

33 deals

Broker
Global Real Estate Advisors (GREA)
Global Real Estate Advisors (GREA)Brokerage

Grand Prairie 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