Tides Equities Acquires Multifamily Property In Dallas For $79.5M
SOLD
$79,500,000
Texas
See Similar DealsMultiFamily484,269 SF
Sold 12/22/2021
SOLD
Tides Equities Acquires Multifamily Property In Dallas For $79.5M
11330 Amanda Lane, Dallas, TX 75238
See Similar DealsMultiFamily484,269 SF
Sold 12/22/2021
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$164
Total Square Footage:484,269 SF
Transaction Type:Sale
The multifamily property located at 11330 Amanda Lane in Dallas has been sold for a total transaction amount of $79,500,000. Spanning across 23 acres, this property offers a total of 650 units, with an average price per unit of $122,308. The total square footage of the property is 484,269, equating to a price per square foot of $164.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $79,500,000
- Address: 11330 Amanda Lane
- Market: Dallas
- Acres: 23
- Units: 650
- Price per Unit: $122,308
- Total Square Footage: 484,269
- Price per Square Foot: $164
Tides Equities, represented by Ryan Andrade and Sean Kia, acted as the buyer in this transaction. The seller of the property was Exponential Property Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,240,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$282,446.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$376,870.56
Annual Debt Service$4,522,446.71
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