Updated Mar 5, 2025
Marcus & Millichap Sells 66-Unit Agave Azul On Boulder Apartments In Dallas
3130 Springwood Lane
Units
66
Asset Type
MultiFamily
Closing
Jan 28, 2025
About this deal
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