ShainRealty Capital Acquires Multifamily Complex In Dallas For $2.3M
9010 Markville Drive, Dallas, TX 75243
Building Size
62,612 SF
Asset Type
MultiFamily
Closing
Jun 18, 2020
AI
The "Reflections at Highpoint" apartments, located at 9010 Markville Dr in Dallas, have been sold in a recent transaction. The multifamily complex, consisting of 373 units, was acquired by ShainRealty Capital, represented by Jonathan Shainberg and Elliot Shainberg. The purchase was facilitated by broker Doug Banerjee from Greysteel. The seller of the property was OpenPath Investments.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 373
- Address: 9010 Markville Dr, Dallas
ShainRealty Capital intends to rebrand the apartments as "Infinity on the Mark" after completing $2,300,000 worth of renovations and upgrades. The acquisition presents an exciting real estate investment opportunity. For more information or to participate in their next venture, please contact ShainRealty Capital through their website.
Players
Dallas 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