Updated Oct 29, 2024
Langdon Street Capital Acquires Multifamily Property In Plano With JLL Representing Both Buyer & Seller
6501 Independence Parkway, Plano, Texas 75035, United States
Units
124
Asset Type
MultiFamily
Closing
Jun 12, 2022
About this deal
AI
An apartment complex located at 6501 Independence Pkwy in Plano has been sold in a recent transaction. The multifamily property consists of 124 units. The sale took place on 12/06/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 6501 Independence Pkwy, Plano
- Market: Plano
- Units: 124
The buyer in this transaction was Langdon Street Capital, represented by Matt Steinberg. The sale was facilitated by brokers Rob Key, Roberto Casas, Greg Toro, and David Austin from JLL.
On the Map
MultiFamily
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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