Intercapital Group & Madera Residential Sell 704-Unit Multifamily In Arlington & Dallas For $82M
2604 Furrs Street, Arlington, Texas 76006, United States
$82,000,000
Units
704
Asset Type
MultiFamily
Closing
Dec 12, 2022
AI
Multifamily property located at 2604 Furrs St & 6500 S Cockrell Hill Rd in Arlington & Dallas has been sold for $82,000,000. The property consists of 704 units, with a per unit price of $116,477.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $82,000,000
- Address: 2604 Furrs St & 6500 S Cockrell Hill Rd
- Market: Arlington & Dallas
The sellers of the property were Intercapital Group and Madera Residential. The brokers involved in the deal were Al Silva and Ford Braly from Marcus & Millichap.
Players
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
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93