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1521 E Royal Ln, Dallas, TX...

SPI Advisory Acquires 136-Unit Multifamily In Dallas With Brokers Zach Thomas & Mark Allen - Greystone
SOLDMultiFamily

SPI Advisory Acquires 136-Unit Multifamily In Dallas With Brokers Zach Thomas & Mark Allen - Greystone

1521 E Royal Ln, Dallas, TX, USA

Building Size

210,046 SF

Asset Type

MultiFamily

Closing

Oct 6, 2021

AI

An off-market multifamily property located at 1521 E Royal Ln in Dallas has been sold. The property, consisting of 136 units, was acquired by SPI Advisory. The transaction was facilitated by brokers Zach Thomas and Mark Allen from Greystone.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Address: 1521 E Royal Ln, Dallas
  • Market: Dallas
  • Units: 136

SPI Advisory, a real estate investment company, successfully purchased the multifamily property located at 1521 E Royal Ln in Dallas. The deal was negotiated by Zach Thomas and Mark Allen, who represented SPI Advisory as brokers from Greystone.

Players

Mark Allen

Colliers

Broker

$140.3M

vol

33 deals

Broker
SPI Advisory
SPI AdvisoryBuyer

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