Ashcroft Capital Acquires 244-Unit Multifamily Property In Mesquite
645 N Town E Blvd, Mesquite, TX, USA
Building Size
174,240 SF
Asset Type
MultiFamily
Closing
Nov 17, 2021
AI
A multifamily property located at 645 N Town E Blvd was recently sold in Mesquite. The property consists of 244 units, making it a substantial investment opportunity. The sale took place on November 17, 2021, with Frank Roessler capturing an image of the property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 11/17/2021
- Address: 645 N Town E Blvd
- Market: Mesquite
- Units: 244
Ashcroft Capital, represented by Frank Roessler, acquired the property in this transaction. On the other side of the deal, SCI Real Estate Investments, represented by Brian Glover, acted as the seller. The involvement of these key individuals demonstrates the strategic nature of this transaction.
Mesquite MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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