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9010 Markville Drive, Dalla...

ShainRealty Capital Acquires Multifamily Complex In Dallas For $2.3M
SOLDMultiFamily

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

Doug Banerjee

Greysteel

Broker

17 deals

Broker
Elliot Shainberg

Elliot Shainberg

ShainRealty Capital

Buyer

$38.8M

vol

6 deals

Buyer
SC
ShainRealty CapitalBuyer
OI
OpenPath InvestmentsSeller

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