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
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