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300 Bardin Greene Drive

Tom Short's Magma Acquires 285-Unit Multifamily In Arlington From Moody National With Broker Taylor Hill - Institutional Property Advisors (IPA)
SOLDMultiFamily

Tom Short's Magma Acquires 285-Unit Multifamily In Arlington From Moody National With Broker Taylor Hill - Institutional Property Advisors (IPA)

300 Bardin Greene Drive

Building Size

242,896 SF

Asset Type

MultiFamily

Closing

Mar 31, 2023

AI

An institutional multifamily property located at 300 Bardin Greene Drive in Arlington has been sold in a recent transaction. The property consists of 285 units with a total square footage of 242,896. The sale was completed on 03/31/2023.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 300 Bardin Greene Drive
  • Market: Arlington
  • Units: 285
  • Square Footage: 242,896

The buyer of the property is Tom Short, representing Magma. On the other hand, Moody National served as the seller in this transaction. The brokerage services were provided by Taylor Hill from Institutional Property Advisors (IPA).

Players

Tom Short

Buyer

4 deals

Buyer

Market 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