McKINNEY - Soho Parkway Apartments (“Soho Parkway”), a 379-unit Class A apartment complex built in 2008 and located at 6653 McKinney Ranch Parkway in McKinney has sold. The price was $41.3 million dollars, or about $108,970 per unit.
Units range from over 700 sf to 1,500 sf with prices from $820 to $1,554. The development was 97 percent occupied at time of sale.
Starlight U.S. Multi-Family Core Fund and Starlight Investments Ltd of Canada was the buyer.
LIsten to Podcast 212 for this story and more.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.