Marcus & Millichap Sells 66-Unit Agave Azul On Boulder Apartments In Dallas
3130 Springwood Lane
Building Size
—
Asset Type
MultiFamily
Closing
Jan 28, 2025
AI
The property asset involved in this transaction is a 66-unit multifamily asset located at 3130 Springwood Lane in the Dallas market. The property is described as renovated, and the transaction was brokered through a list-price offer with non-refundable earnest money after securing 14 tours and seven offers.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 66
- Address: 3130 Springwood Lane
- Market: Dallas
- Brokers: Al Silva, Dylan York & Ford Braly
- Agency: Marcus & Millichap
Marcus & Millichap’s Fort Worth team was instrumental in brokering the sale of Agave Azul on Boulder Apartments. The Silva Braly Multifamily Team has successfully completed over 38 apartment sales totaling $850 million in the Dallas-Fort Worth area since 2022.
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