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

/

2408 Forest Oaks Lane

Westmount Realty Capital Sells 164-Unit Multifamily Property In Arlington Texas With Institutional Property Advisors
SOLDMultiFamily

Westmount Realty Capital Sells 164-Unit Multifamily Property In Arlington Texas With Institutional Property Advisors

2408 Forest Oaks Lane

Building Size

Asset Type

MultiFamily

Closing

Apr 18, 2025

AI

Westmount at Forest Oaks is a multifamily property located at 2408 Forest Oaks Lane in Arlington, Texas. This asset consists of 164 units and was originally built in 1980. The property's sale has been finalized, with the buyer planning to implement unit upgrades across the property.

Summary of transaction details:

The transaction was facilitated by Institutional Property Advisors, who represented the seller, Westmount Realty Capital. The team of brokers involved in this deal included Drew Kile, Joey Tumminello, Michael Ware, and Taylor Hill.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

82 deals

Broker

Arlington 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