Nitya Capital Acquires Property At 3035 W Pentagon Pkwy Dallas With Seller's Rep James Roberts
3035 W Pentagon Pkwy, Dallas, TX, 7...
Building Size
—
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
The Muse is an 804-unit workforce housing community located at 3035 W Pentagon Parkway in South Dallas. It features approximately 30 different unit types with an average size of 926 square feet. Units include nickel finishes, pantries, private patios/balconies, tile backsplashes, walk-in closets, and individual washer and dryer connections. Amenities available to residents include a fitness center, business center, and onsite laundry facilities.
Summary of transaction details:
- Property Type: Workforce Housing
- Transaction Amount: Undisclosed
- Address: 3035 W Pentagon Pkwy, Dallas, TX
- Market: Dallas
- Seller: S2 Capital LLC
- Buyer: Nitya Capital
- Seller's Representatives: Taylor Snoddy, Philip Wiegand & James Roberts
NorthMarq arranged the sale of The Muse, facilitating the transaction between the seller S2 Capital LLC and the buyer Nitya Capital. The deal was represented by Taylor Snoddy, James Roberts, and Philip Wiegand of NorthMarq, linking both parties in this transaction.
Players
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