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602 West Pioneer Parkway, G...

Updated Oct 28, 2024

FCP & VaultCap Partners Acquires 275-Unit Multifamily Property In Grand Prairie From Creative Realty Partners
SOLDMultiFamily

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

FCP
FCPBuyer

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

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