SOLD
Tides Equities And North Point Capital Group Acquire 176-Unit Multifamily In Fort Worth, Texas
8841 Avril Ct. N.
Units
176
Asset Type
—
Closing
Aug 2, 2022
About this deal
AI
The multifamily property located at 8841 Avril Ct. N. in Fort Worth, TX has been sold in a recent transaction. The property consists of 176 units with a total square footage of 139,776. The sale took place on August 2, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Buyer: Tides Equities - Sean Kia & Ryan Andrade; North Point Capital Group - David P. Zar & Shawn Hakimian
- Units: 176
- Square Footage: 139,776
- Address: 8841 Avril Ct. N., Fort Worth, TX
- Market: Fort Worth, TX
The buyer of the property includes Tides Equities represented by Sean Kia and Ryan Andrade, as well as North Point Capital Group represented by David P. Zar and Shawn Hakimian.
Players
Fort Worth CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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