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11330 Amanda Lane, Dallas, ...

Tides Equities Acquires Multifamily Property In Dallas For $79.5M
SOLDMultiFamily

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

Sean Kia

Tides Equities

Buyer

$1.3B

vol

18 deals

Buyer
EG
Exponential Property GroupSeller

Dallas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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