UDR Inc. Acquires Multifamily Asset In Farmers Branch From Billingsley Co. For $110M
2001 Wittington Pl, Farmers Branch, TX 75234, USA
$110,000,000
$172,956/SF
Building Size
636 SF
Asset Type
MultiFamily
Closing
Apr 6, 2021
AI
The multifamily property located at 2001 Wittington Place in Farmers Branch was recently sold for $110,000,000. The property consists of 636 units, with a per unit price of $172,956.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $110,000,000
- Units: 636
- Price Per Unit: $172,956
- Address: 2001 Wittington Place, Farmers Branch
The seller of the property was Billingsley Co., represented by Lucy Billingsley and Henry Billingsley. The buyer in this transaction was UDR Inc. The deal was facilitated by JLL as the broker.
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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93