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3035 W Pentagon Pkwy, Dalla...

Nitya Capital Acquires Property At 3035 W Pentagon Pkwy Dallas With Seller's Rep James Roberts
SOLDMultiFamily

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

Philip Wiegand

NorthMarq

Broker

13 deals

Broker
Nitya Capital
Nitya CapitalBuyer

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