SOLDMultiFamily
GID Acquires 270-Unit Multifamily Property In Plano, Texas
6400 Windcrest Drive, Plano, Texas 75024, United States
Units
270
Asset Type
MultiFamily
Closing
Mar 1, 2022
AI
A multifamily property located at 6400 Windcrest Dr in Plano has been sold. The property consists of 270 units and was sold on 03/02/2022. The buyer in this transaction was GID.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 6400 Windcrest Dr
- Market: Plano
- Units: 270
J. Pieratt and Jennifer Purcell from DLA Piper served as the brokers for this deal.
Players
Plano 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