facebook
Traded Co logo
Submit
Daily limit: 0/10

Marcus & Millichap Sells 288-Unit Multifamily Asset In Arlington, Texas

Property Image
SOLD
Chris Pearson
Wesley "Wes" Racht
Nick Fluellen
+ 1

Texas

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells 288-Unit Multifamily Asset In Arlington, Texas

2505 Thomason Circle

See Similar Deals
MultiFamily
Sold
Chris Pearson
Wesley "Wes" Racht
Nick Fluellen
+ 1
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

Marcus & Millichap has sold Brookside, a 288-unit multifamily asset located at 2505 Thomason Circle in Arlington, Texas. The property, built in the 1980s, demonstrated its resilience in the market. The marketing process for the sale was highly successful, attracting significant interest from potential buyers. It resulted in the signing of 340 confidentiality agreements, 23 property tours, and the receipt of 15 offers.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Market: Arlington

In this transaction, the buyer was David Lilley, representing Reap Capital. The sale was facilitated by a team of brokers from Marcus & Millichap, including Bard Hoover, Chris Pearson, Nick Fluellen, and Wesley Racht.

Players

Nick Fluellen
Marcus & Millichap
Nick Fluellen
38 deals$8.5M volume(972) 755-5214
BROKER
Bard Hoover
Marcus & Millichap
Bard Hoover
40 deals$8.5M volume
BROKER
Wesley "Wes" Racht
Marcus & Millichap
Wesley Racht
16 deals$48.7M volume
BROKER
Chris Pearson
Marcus & Millichap
Chris Pearson
3 deals
BROKER
RC
Reap Capital
BUYER

Details

SOLD
IMAGE: David Lilley, Bard Hoover, Chris Pearson, Nick Fluellen & Wesley Racht DATE: 01/09/2024 ADDRESS: 2505 Thomason Circle MARKET: Arlington ASSET TYPE: Multifamily BUYER: David Lilley - Reap Capital (@ReapCapital) BROKERS: Bard Hoover, Chris Pearson, Nick Fluellen (@Nick_Fluellen) & Wesley Racht (@WesRacht) - Marcus & Millichap (@MarcusMillichap_Houston) NOTE: Marcus & Millichap has sold Brookside, a 288-unit multifamily asset in Arlington, Texas, showcasing the resilience of 1980s-built properties. The marketing process generated substantial interest with 340 confidentiality agreements, 23 tours, and 15 offers.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00