Carlyle Group And VCT Capital Partners Sell Grapevine Multifamily Property
2701 Grapevine Mills Blvd N, Grapevine, TX, USA
Building Size
1,163 SF
Asset Type
MultiFamily
Closing
Mar 11, 2021
AI
The multifamily property located at 2701 Grapevine Mills Blvd N in Grapevine has been sold. The property consists of 392 units and was sold on March 12, 2021. The sale was facilitated by Institutional Property Advisors - Marcus & Millichap on behalf of the sellers, The Carlyle Group & VCT Capital Partners.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 2701 Grapevine Mills Blvd N
- Market: Grapevine
- Units: 392
The sellers, The Carlyle Group & VCT Capital Partners, enlisted the services of Institutional Property Advisors - Marcus & Millichap to represent them in this transaction. The brokers involved in the deal were Drew Kile, Joey Tumminello, and Will Balthrope.
Players
Grapevine MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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