Updated Sep 9, 2024
Marcus & Millichap Brokers Sell Multifamily Property In Plano For 368 Units On Alma Drive
7301 Alma Drive, Plano, TX 75025
Building Size
332,500 SF
Asset Type
MultiFamily
Closing
Oct 26, 2020
About this deal
AI
A multifamily property located at 7301 Alma Drive in Plano has been sold in a recent transaction. The property consists of 368 units and was sold on 10/27/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Address: 7301 Alma Drive
- Market: Plano
- Units: 368
The sale of this multifamily property was facilitated by the brokerage firm Marcus & Millichap, represented by Drew Kile, Will Balthrope, Joey Tumminello, Grant Raymond, Bard Hoover, and Nick Fluellen.
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