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Dallas, Texas, United States

Silva Multifamily Team Acquires Multifamily Properties In Fort Worth, Irving, Hurst & Dallas For $120M
SOLDIndustrial

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

Todd Franks

Broker

$130.3M

vol

7 deals

Broker
Clarion Partners
Clarion PartnersLender

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