Updated Dec 12, 2024
WAK Management Company Acquires 204-Unit Multifamily Property In Arlington
1108 Wynncrest Lane, Arlington, TX 76006
Building Size
157,850 SF
Asset Type
MultiFamily
Closing
Nov 12, 2020
About this deal
AI
A 204-unit multifamily property located at 1108 Wynncrest Lane in Arlington has been sold in a recent transaction. The sale took place on 11/13/2020, with the buyer being WAK Management Company and the seller being American Landmark.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Arlington
- Units: 204
The deal was facilitated by the following brokers: Drew Kile, Will Balthrope, Joey Tumminello, and Grant Raymond from Institutional Property Advisors, and Bard Hoover and Nick Fluellen from Marcus & Millichap.
Players
Arlington 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