Updated Oct 28, 2024
Olympus Property Sells Multifamily Property In Dallas For $Undisclosed Amount With Brokers From Institutional Property Advisors
300 North Akard Street, Dallas, Texas 75201, United States
Building Size
447,504 SF
Asset Type
MultiFamily
Closing
Jul 18, 2022
About this deal
AI
The multifamily property located at 300 N Akard St in Dallas has been sold in a recent transaction. The property consists of 440 units, making it a significant asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Address: 300 N Akard St
- Market: Dallas
- Units: 440
The sale was facilitated by Olympus Property, with the representation of their brokers Joey Tumminello, Drew Kile, Taylor Hill, Michael Ware, Grant Raymond, and Will Balthrope. These professionals, from Institutional Property Advisors (IPA) - Marcus & Millichap, played a crucial role in closing the deal.
Players
Dallas 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