Updated Feb 28, 2025
Weidner Apartment Homes Acquires Multifamily Property In Allen From Jones Lang LaSalle Inc
935 Garden Park Drive, Allen, TX 75013
Building Size
1,740 SF
Asset Type
MultiFamily
Closing
Jun 18, 2020
About this deal
AI
The multifamily property located at 935 Garden Park Drive in Allen has been sold. The transaction took place on June 18, 2021. The property spans across an expansive 17.37 acres and comprises a total of 341 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 935 Garden Park Drive
- Market: Allen
- Units: 341
- Acres: 17.37
Jones Lang LaSalle Americas Inc. acted as the seller in this transaction. The buyer was Weidner Apartment Homes, represented by Jack O'Connor.
Players
Allen 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