Updated Oct 29, 2024
Lone Star Funds Acquires Multifamily Property On Hawes Avenue In Dallas
2293 Hawes Ave, Dallas, TX 75235, USA
Building Size
1,491 SF
Asset Type
MultiFamily
Closing
Aug 23, 2020
About this deal
AI
A multifamily property located at 2293 Hawes Avenue in Dallas, Farmers Branch, Irving, and Richardson has been sold in a recent transaction. The property consists of 2,000 units and was sold on August 24, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 08/24/2020
- Address: 2293 Hawes Avenue
- Market: Dallas, Farmers Branch, Irving, & Richardson
- Units: 2,000
The buyer of the property is Lone Star Funds, while the seller was represented by Drew Kile, Will Balthrope, Joey Tumminello, and Grant Raymond. Walker Dunlop and JLL acted as the buyer's representatives in this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93