Maxus Properties Inc. Acquires 266-Unit Multifamily Property On Frisco Square Blvd In Frisco
6226 Frisco Square Blvd, Frisco, TX, USA
Building Size
8,496 SF
Asset Type
MultiFamily
Closing
Jul 14, 2020
AI
Located at 6226 Frisco Square Blvd in Frisco, this multifamily property was recently sold. The transaction took place on July 14, 2021, with a total of 266 units being included in the sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
The seller of the property was Fairfield Residential, represented by Greg Pinkalla. On the other hand, the buyer was Maxus Properties Inc., represented by Dave Johnson.
Frisco 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