SevenSeas Holdings LLC purchased the Axiom Hub 121 apartments in McKinney's Craig Ranch development.
A Plano property investment firm has purchased an apartment community in McKinney.
SevenSeas Holdings LLC purchased the Axiom Hub 121 apartments from Addison-based Seneca Investments. The apartments are in the Craig Ranch development north of State Highway 121. Built starting in 2019, the property has almost 300 units with rents averaging more than $1,521 a month. It’s near growing business employment centers around Craig Ranch.The property includes a saltwater pool, a car wash, a rideshare lounge, a sports lounge with coffee bar, a fitness center, a bocce ball court, a two-story clubhouse with an outdoor terrace and a dog park.
The acquisition was funded with a $45 million loan from New York-based FS Credit Real Estate. Commercial property firm CBRE Group brokered the sale.the 300-unit Village at Rayzor Ranch rental community near Interstate 35E in Denton.with more than $12 billion in sales during the first half of 2022.
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