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17910 Kelly Boulevard, Dall...

Archway Equities Acquires 192-Unit Multifamily In Carrolton From HLC Equity
SOLDMultiFamily

Archway Equities Acquires 192-Unit Multifamily In Carrolton From HLC Equity

17910 Kelly Boulevard, Dallas, Texas 75287, United States

Building Size

Asset Type

MultiFamily

Closing

Aug 7, 2022

AI

An apartment complex located at 17910 Kelly Blvd in Carrolton has been sold. The multifamily property consists of 192 units, making it a significant investment opportunity in the area.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 17910 Kelly Blvd
  • Market: Carrolton
  • Units: 192

The buyer of the property is Archway Equities, represented by Jeffrey Moghavem. On the other hand, HLC Equity, represented by Daniel Farber, acted as the seller in this transaction. The deal was facilitated by brokers David Austin and Rob Key from JLL.

Players

Rob Key

JLL

Broker

$112.1M

vol

7 deals

Broker
AE
Archway EquitiesBuyer
HE
HLC EquitySeller

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