Updated Dec 21, 2023
Next Wave Investors, LLC Acquires Multifamily Property In Dallas For 232 Units
8411 La Prada Drive, Dallas, Texas 75228, United States
Units
232
Asset Type
MultiFamily
Closing
Apr 20, 2022
About this deal
AI
The multifamily property located at 8411 La Prada Dr E in Dallas has been sold. The transaction took place on April 21, 2022. The property consists of 232 units and is part of the Dallas real estate market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 8411 La Prada Dr E, Dallas
- Market: Dallas
- Units: 232
The buyer of the property is Next Wave Investors, LLC, represented by Jordan Fisher.
Traded’s record for 8411 La Prada Drive, Dallas, Texas 75228, United States in Dallas, Texas covers a multifamily sale from 2022. Reported inventory is 232 units across 232 units. This page is the Dallas, Texas file for the 8411 La Prada Drive, Dallas, Texas 75228, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Dallas sit in the Market section below. Filter that Dallas multifamily set by closing date to see what else sold near 8411 La Prada Drive, Dallas, Texas 75228, United States around 2022. Cite this Next Wave Investors, LLC Acquires Multifamily Property In Dallas For 232 Units sale when underwriting similar multifamily product around Dallas, Texas.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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