Silva Multifamily Team Acquires Multifamily Properties In Fort Worth, Irving, Hurst & Dallas For $120M
Dallas, Texas, United States
$120,000,000
$342/SF
Building Size
350,000 SF
Asset Type
Industrial
Closing
Jan 12, 2022
AI
This multifamily property transaction involved the sale of a property consisting of 1,162 units. The property is located in Fort Worth, Irving, Hurst, and Dallas. The sale was facilitated by brokers Al Silva and Ford Braly from the Silva Multifamily Team at Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $120,000,000 (Approx)
- Address: Multifamily Properties
- Market: Fort Worth, Irving, Hurst & Dallas
- Units: 1,162
The transaction was completed on January 12, 2022. Al Silva and Ford Braly represented the sellers in the deal. The total sale price was approximately $120,000,000.
Players
Dallas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93