SOLDOther
Cortland Sells 402-Unit Seniors Housing In Denton & Fort Worth
2801 Spencer Road, Denton, TX 76208, USA
Building Size
226,524 SF
Asset Type
Other
Closing
Jun 29, 2020
AI
Seniors Housing property with 402 units located at 2801 Spencer Rd # 16101 & 3850 Silverton Cir in Denton & Fort Worth was recently sold. The transaction took place on 06/29/2021.
Summary of transaction details
- Property Type: Seniors Housing
- Transaction Amount: Not specified
- Address: 2801 Spencer Rd # 16101 & 3850 Silverton Cir, Denton & Fort Worth
- Market: Denton & Fort Worth
- Units: 402
The property was sold by Cortland. The sale was facilitated by Ryan Maconachy and Chad Lavender from Newmark.
Players
Denton 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