The Generic Management & CAF Capital Partners Acquires 459-Unit Apartment In Plano
1025 Preston Rd, Plano, TX 75093, USA
Building Size
745 SF
Asset Type
Other
Closing
Aug 19, 2020
About this deal
AI
The apartment property located at 1025 Preston Road in Plano has been sold. The transaction took place on August 20, 2020. The property consists of 459 units.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: Not specified
The buyer of the property is The Generic Management and CAF Capital Partners. The deal was facilitated by Adam Bieber and William Lawson from Phillips Realty Capital.
Traded’s record for 1025 Preston Rd, Plano, TX 75093, USA in Plano, Texas covers a other sale from 2020. Reported inventory is 745 square feet across 459 units, or about 0 per square foot. Named participants on the 1025 Preston Rd, Plano, TX 75093, USA sale are William Lawson, Adam Bieber. This page is the Plano, Texas file for the 1025 Preston Rd, Plano, TX 75093, USA other sold: pricing, party profiles, and other closed other comps from the same Plano sit in the Market section below. Filter that Plano other set by closing date to see what else sold near 1025 Preston Rd, Plano, TX 75093, USA around 2020. Cite this The Generic Management & CAF Capital Partners Acquires 459-Unit Apartment In Plano sale when underwriting similar other product around Plano, Texas.
Players
Plano Other Market Snapshot
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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