Updated Oct 29, 2024
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
About this deal
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).
On the Map
MultiFamily
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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