A Dallas commercial real estate property was recently purchased for $16 million. Lagovent Real Estate Group, acquired the Village Apartments in Dallas.
The Dallas Apartments totaled 350-units and sold for about $46,300 per unit and a cap rate of about 7.5%
Park Village Apartment Amenities:
- Clubhouse
- Pool
- Fitness Center
These particular Dallas apartments also had a good mix of different units. Which included eight three-bedroom/two-bath, 126 two-bedroom/two-bath and 216 one-bedroom/one-bath units.
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