Marcus & Millichap Sells Garland Apartment Complex On Bobtown Road
4501 Bobtown Rd, Garland, TX 75043, USA
Building Size
694 SF
Asset Type
Other
Closing
Jul 23, 2020
About this deal
AI
The apartment property located at 4501 Bobtown Road in Garland has been sold. The transaction took place on July 24, 2020. The property, consisting of 146 units, was sold through a deal facilitated by Nick Fluellen and Bard Hoover of Marcus & Millichap.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: Not specified
- Market: Garland
Nick Fluellen and Bard Hoover, representing Marcus & Millichap, played a crucial role in the successful sale of the apartment property at 4501 Bobtown Road in Garland.
Players
Garland 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