SOLDMultiFamily
City Of Plano Acquires Multifamily Property In Plano, TX
6512 Jupiter Road
Building Size
296,992 SF
Asset Type
MultiFamily
Closing
Oct 6, 2023
AI
A multifamily property located at 6512 Jupiter Road in Plano, TX has been sold. The property spans approximately 296,992 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 6512 Jupiter Road
- Market: Plano, TX
The buyer of the property is the City of Plano, while the seller is Al Dewan Properties represented by Syed Husain. The deal was facilitated by Chris Janowski from Duwest Realty acting as the broker.
Players
Plano 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