ShainRealty Capital Acquires Multifamily Property In Dallas From Alpha Barnes Real Estate | 8997 Vantage Point Drive | Chris Deuillet | MultiFamily | Sale

Summary

Sale

TEXAS

MultiFamily

190,956 sqft

The recently closed sale of 8997 Vantage Point Drive in Dallas offers a compelling opportunity for ShainRealty Capital, led by Jonathan Shainberg and Elliot Shainberg, to acquire a sizable multifamily asset with significant rental upside. This multifamily property consists of 249 units, with an average size of approximately 767 square feet. The property's in-place average rents are currently 30% below market value, presenting a potential for increased rental income.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: Not provided
Units: 249
Square Footage: 190,956
Address: 8997 Vantage Point Drive, Dallas

In this deal, ShainRealty Capital was represented by Chris Deuillet from CBRE. The seller of the property was Alpha Barnes Real Estate. The acquisition of this multifamily asset aligns with ShainRealty Capital's strategy to invest in properties with potential for future value enhancement.

Players

All
2

Agents
1
Agencies
1

Chris Deuillet

Senior Vice President

CBRE

Details

Deal Summary

SOLD

IMAGE: Jonathan Shainberg & Elliot Shainberg DATE: 03/14/2022 ADDRESS: 8997 Vantage Point Drive MARKET: Dallas ASSET TYPE: Multifamily ~ UNITS: 249 ~ SF: 190,956 BUYER: ShainRealty Capital (@ShainRealty) - Jonathan Shainberg (@J.Shain) & Elliot Shainberg SELLER: Alpha Barnes Real Estate BROKER: Chris Deuillet - CBRE NOTE FROM BUYER: The acquisition presents an excellent opportunity for ShainRealty to acquire a sizeable multifamily asset with significant rental upside. The property consists of 249 units, approximately 767 SF in average size, with in-place average rents 30% below market.

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Address8997 Vantage Point Drive

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