Updated Oct 28, 2024
Wild Mountain Capital Acquires 180-Unit Multifamily Property In Fort Worth
2100 East Loop 820 North, Fort Worth, Texas 76119, United States
Building Size
609,000 SF
Asset Type
MultiFamily
Closing
Feb 27, 2022
About this deal
AI
The recent sale of a multifamily property in Fort Worth has caught the attention of industry observers. The property, located at 2100 E Loop 820, comprises 180 units and spans a total of 609,000 square feet. Marketed by Mark Allen CCIM from Colliers, the property was successfully sold on February 28, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 2100 E Loop 820
- Market: Fort Worth
- Units: 180
- Square Footage: 609,000
The buyer, Wild Mountain Capital, acquired the property from Polo Industries LLC. Representing the buyer in the deal was Mark Allen CCIM from Colliers. The transaction marks a significant milestone in the multifamily sector in Fort Worth.
Players
Fort Worth 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