Updated Dec 20, 2023
Marcus & Millichap Sells 611-Unit Multifamily Portfolio In Fort Worth, Dallas & Arlington For $65M
2121 Handley Drive, Fort Worth, Texas 76112, United States
$65,000,000
Units
611
Asset Type
MultiFamily
Closing
Apr 3, 2022
About this deal
AI
Al Silva & Ford Braly of the Silva Multifamily Team at Marcus & Millichap facilitated the sale of multiple multifamily properties in Fort Worth, Dallas, and Arlington. The portfolio consists of four properties located at 2121 Handley Dr, 2311 Anzio Dr, 8222 Calmont Ave, and 3201 E Park Row Dr. These properties offer a total of 611 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $65,000,000 (Approx.)
- Market: Fort Worth, Dallas, and Arlington
The transaction was facilitated by Al Silva & Ford Braly, representing the Silva Multifamily Team at Marcus & Millichap. They successfully negotiated the sale of these multifamily properties. The sale price of approximately $65,000,000 reflects the value of these properties in the competitive Fort Worth, Dallas, and Arlington markets.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93