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Hank Farrell Of RPM Living Investments Acquires Multifamily Asset From Sackman Enterprises In Dallas
SOLD
+ 2
Texas
See Similar DealsMultiFamily
Sold 08/29/2025
SOLD
Hank Farrell Of RPM Living Investments Acquires Multifamily Asset From Sackman Enterprises In Dallas
305 West Commerce Street
See Similar DealsMultiFamily
Sold 08/29/2025
+ 2
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The sale involves a multi-family asset located at 305 West Commerce Street in Dallas, featuring 308 units. Built in 2018, this four-story mixed-use property has an average unit size of 801 square feet. The asset offers loan assumption and luxury amenities, with proximity to Harold Simmons Park and major Dallas employers.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Units: 308
- Buyer: Hank Farrell - RPM Living Investments
- Seller: Sackman Enterprises
- Broker Team: Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware, Shelby Clark - Institutional Property Advisors
Institutional Property Advisors, a division of Marcus & Millichap, facilitated the transaction for the seller Sackman Enterprises, transferring ownership of the property to buyer RPM Living Investments.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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