Updated Oct 28, 2024
HLC Equity Acquires Multifamily Property In Farmers Branch From Seller MIG Real Estate
13301 Galleria Place, Farmers Branch, Dallas, TX 75244, USA
Units
330
Asset Type
MultiFamily
Closing
Dec 13, 2021
About this deal
AI
A multifamily property located at 13301 Galleria Place in Farmers Branch has been sold in a recent transaction. The property consists of 330 units and was sold on 12/13/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
The buyer of the property is HLC Equity, while the seller is MIG Real Estate. The deal was facilitated by Drew Kile, Joey Tumminello, Will Balthrope, Michael Ware, Taylor Hill, and Asher Hall from Institutional Property Advisors (IPA) - Marcus & Millichap.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93