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Dallas' 600-unit Mandalay Palms sway to saleDallas' 600-unit Mandalay Palms sway to salehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=15892015-03-03T12:04:00Z2015-03-03T00:00:00Z

DALLAS - The 600-unit Mandalay Palms at 7501 Chesterfield Drive has been sold.

The 489,912-sf Mandalay Palms was built in 1985 on more than 25 acres with access to I-20 and US 67. It offers one-and two-bedroom units ranging from 504 sf to 1,056 sf. Rent varies from $395 to $855.

Apartments feature vaulted ceilings, walk-in closets, patios or balconies and fully equipped kitchens with pantries. Most units also have washer and dryer connections.

Cap rate was 7.50 percent.

Texas Real Estate Business
Dallas-Fort Worth-Arlington
Multifamily
http://rebusinessonline.com/mm-arranges-sale-of-600-unit-apartment-complex-in-dallas/Read more at {Source}

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