Green Mountain Properties LLC Acquires 120-Unit Serena Vista Multifamily In Arlington Texas
1519 San Francisco Court
Building Size
120,000 SF
Asset Type
MultiFamily
Closing
Jul 23, 2024
AI
The property asset involved in the transaction is a multifamily apartment community located at 1519 San Francisco Court in Arlington, Texas. The asset comprises 120 units, encompassing a total of 120,000 square feet and is categorized as a Class B asset with strong upside potential.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 120
- Square Footage: 120,000
- Address: 1519 San Francisco Court
- Market: Arlington
- Buyer: Green Mountain Properties, LLC
- Broker Representatives: Bard Hoover, Chris Pearson & Nick Fluellen - Marcus & Millichap
The transaction was facilitated by Nick Fluellen, alongside investment specialists Bard Hoover and Chris Pearson from Marcus & Millichap’s Dallas office. They represented the private seller and successfully secured the buyer, Green Mountain Properties, LLC.
Players
Arlington 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