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ShainRealty Capital Acquires Multifamily Property In Dallas From Alpha Barnes Real Estate

Property Image
SOLD
Elliot Shainberg
Chris Deuillet

Texas

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MultiFamily190,956 SF
Sold
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Property Image
SOLD

ShainRealty Capital Acquires Multifamily Property In Dallas From Alpha Barnes Real Estate

8997 Vantage Point Drive, Dallas, Texas 75243, United States

See Similar Deals
MultiFamily190,956 SF
Sold
Elliot Shainberg
Chris Deuillet
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:190956 SF
Transaction Type:Sale

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

Chris Deuillet
CBRE
Chris Deuillet
21 deals$16.7M volume(972) 365-3291
BROKER
Elliot Shainberg
Elliot Shainberg
6 deals$38.8M volume
BUYER
SC
ShainRealty Capital
BUYER
RW Real Estate
RW Real Estate
SELLER

Details

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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