Updated Oct 28, 2024
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
About this deal
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.
On the Map
$79,500,000
$164/SF
MultiFamily
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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