Updated Feb 16, 2024
Marcus & Millichap Brokers $58.9M Sale Of Multifamily Portfolio In Dallas-Fort Worth
1500 North Bluegrove Road, Lancaster, Texas 75134, United States
$58,901,000
Units
411
Asset Type
MultiFamily
Closing
Sep 21, 2022
About this deal
AI
A multifamily property located at 1500 N Bluegrove Rd, 10850 Walnut Hl Ln, and 7100 West Vickery Blvd in Dallas-Fort Worth has been sold for a total price of $58,901,000. The property consists of 411 units, with an average price per unit of $143,311.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $58,901,000
- Units: 411
- Average Price Per Unit: $143,311
The sale was facilitated by Ford Braly and Al Silva from the Marcus & Millichap agency, who served as the brokers representing the parties involved in the transaction.
Players
Lancaster 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93