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800 Custer Road

ClearWorth Capital Acquires 202-Unit Multifamily In Richardson, TX From RealSource Management With CBRE Brokers
SOLDMultiFamily

ClearWorth Capital Acquires 202-Unit Multifamily In Richardson, TX From RealSource Management With CBRE Brokers

800 Custer Road

Building Size

219,466 SF

Asset Type

MultiFamily

Closing

Oct 6, 2022

AI

ClearWorth Capital has recently acquired a multifamily property located at 800 Custer Rd in Richardson, TX. The property consists of 202 units with a total area of 219,466 square feet. The transaction took place on 10/06/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not provided in the CONTEXT
  • Address: 800 Custer Rd, Richardson, TX
  • Market: Richardson, TX
  • Units: 202
  • Square Footage: 219,466

The seller of this property is RealSource Management. The buyer, ClearWorth Capital, successfully closed the deal with the assistance of CBRE brokers Chris Deuillet, William Hubbard, and Jaxx Davies. These brokers represented ClearWorth Capital throughout the transaction.

Players

Chris Deuillet

CBRE

Broker

$16.7M

vol

21 deals

Broker
CC
ClearWorth CapitalBuyer

Richardson 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