SOLDOther
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
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.
Players
Plano Other Market Snapshot
Boundary boundary · Other · 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