Suntex Marina Investors Acquires Marina Property In Grand Prairie
5700 Lake Ridge Parkway, Grand Prairie, Texas 75052, United States
Building Size
—
Asset Type
Other
Closing
Jan 25, 2022
About this deal
AI
The Marina located at 5700 Lake Ridge Pkwy in Grand Prairie has been sold. The transaction took place on January 26, 2022. The property, owned by Bryan Redmond & Michael Warntjes, was listed for sale.
Summary of transaction details
- Property Type: Marina
- Sale Price: Not specified
- Address: 5700 Lake Ridge Pkwy, Grand Prairie
- Market: Grand Prairie
The buyer of the Marina is Suntex Marina Investors, represented by Michael Warntjes & Bryan Redmond. The transaction was facilitated by the real estate agency Colliers.
On the Map
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Players
Grand Prairie 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