Silva Multifamily Team Acquires Multifamily Properties In Fort Worth, Irving, Hurst & Dallas For $120M
SOLD
$120,000,000
+ 4
Texas
See Similar DealsIndustrial350,000 SF
Sold
SOLD
Silva Multifamily Team Acquires Multifamily Properties In Fort Worth, Irving, Hurst & Dallas For $120M
Dallas, Texas, United States
See Similar DealsIndustrial350,000 SF
Sold
+ 4
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$342
Total Square Footage:350000 SF
Transaction Type:Sale
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
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$426,334.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$568,861.22
Annual Debt Service$6,826,334.65
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