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
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