Updated Mar 5, 2025
Viking Capital And GW Capital Acquires 114-Unit Multifamily In Waxahachie For $35.2M
168 Verbana Drive
Units
114
Asset Type
MultiFamily
Closing
Jan 24, 2025
About this deal
AI
The transaction involved a 114-unit multifamily property located at 168 Verbana Drive in Waxahachie, TX. The property was sold for $35.2 million, equating to approximately $308,772 per unit.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $35.2M
- Units: 114
- Buyer: Vikram Raya - Viking Capital & GW Capital
- Seller: Doug Wiley - Quannah Partners & Ryan Heddleston - VaultCap Partners
- Broker: Northmarq
This acquisition marks the collaboration of Viking Capital and GW Capital as they entered into the multifamily sector. The property was acquired from Quannah Partners, represented by Doug Wiley, and VaultCap Partners, represented by Ryan Heddleston, with the entire transaction facilitated by Northmarq.
On the Map
MultiFamily
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Players
Waxahachie 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