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300 North Akard Street, Dal...

Olympus Property Sells Multifamily Property In Dallas For $Undisclosed Amount With Brokers From Institutional Property Advisors
SOLDMultiFamily

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

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

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

82 deals

Broker
Olympus Property
Olympus PropertySeller

Dallas 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93