Tides Equities Acquires Multifamily Property In Dallas For $79.5M
11330 Amanda Lane, Dallas, TX 75238
$79,500,000
$164/SF
Building Size
484,269 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
AI
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.
Players
Dallas 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93