facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

2053 Estrada Parkway, Irvin...

Tony Lin Acquires Multifamily Property In Irving, Texas
SOLDMultiFamily

Tony Lin Acquires Multifamily Property In Irving, Texas

2053 Estrada Parkway, Irving, Texas 75061, United States

Building Size

Asset Type

MultiFamily

Closing

May 21, 2022

AI

The multifamily property located at 2053 Estrada Pkwy in Irving has been sold. The transaction took place on May 22, 2022. The property consists of 152 units and is situated in the Irving market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not mentioned
  • Market: Irving
  • Units: 152

Tony Lin is the buyer of the property, while Mike Spotts is the seller. The deal was facilitated by David Fersing, Nick Fluellen, Bard Hoover, and Wesley Racht from Marcus & Millichap.

Players

Nick Fluellen

Marcus & Millichap

Broker

$8.5M

vol

38 deals

Broker

Tony Lin

GI Partners

Buyer

$388M

vol

2 deals

Buyer

Irving MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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