Updated Oct 28, 2024
FCP & VaultCap Partners Acquires 275-Unit Multifamily Property In Grand Prairie From Creative Realty Partners
602 West Pioneer Parkway, Grand Prairie, TX, USA
Building Size
127,350 SF
Asset Type
MultiFamily
Closing
Aug 4, 2021
About this deal
AI
The multifamily property located at 602 W. Pioneer Parkway in Grand Prairie has been sold in a recent transaction. The property consists of 275 units and was sold by Creative Realty Partners to FCP & VaultCap Partners. The deal was facilitated by NorthMarq, representing the buyer and seller. No further information on the property's characteristics or market value is available.
Summary of transaction details
- Property Type: Multifamily
- Sale Date: 08/05/2021
- Address: 602 W. Pioneer Parkway
- Market: Grand Prairie
- Seller: Creative Realty Partners
- Buyer: FCP & VaultCap Partners
- Broker: NorthMarq
- Units: 275
This transaction involved several key individuals and companies. Creative Realty Partners acted as the seller, while FCP & VaultCap Partners acquired the property. NorthMarq served as the broker, representing both the buyer and seller in the deal. No further details regarding the individuals involved or the specific terms of the transaction are available.
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