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1000 San Jacinto Drive, Irv...

TruAmerica Multifamily Acquires 408-Unit Multifamily Property In Irving
SOLDMultiFamily

TruAmerica Multifamily Acquires 408-Unit Multifamily Property In Irving

1000 San Jacinto Drive, Irving, TX, USA

Building Size

112,794 SF

Asset Type

MultiFamily

Closing

Dec 21, 2020

AI

An multifamily property located at 1000 San Jacinto Drive in Irving has been sold on 12/22/2020. The property consists of 408 units in total.

Summary of transaction details:

The buyer of the property is TruAmerica Multifamily represented by Ammanuel Metta. The deal was facilitated by brokers Eric Calub, Greg Smith, Thad Wetterau, and Paul Harris from The Moran Company.

Players

Eric Calub

Berkadia

Broker

$133.6M

vol

3 deals

Broker

Ammanuel Metta

TruAmerica Multifamily

Buyer

2 deals

Buyer

Irving MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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