Updated Oct 28, 2024
Touro Company Acquires Multifamily Property With 524 Units In Irving
3149 West Walnut Hill Lane, Irving, Texas 75038, United States
Units
524
Asset Type
MultiFamily
Closing
Jul 20, 2022
About this deal
AI
A multifamily property with 524 units located at 3149 W Walnut Hill Ln & 3005 W Walnut Hill Ln in Irving has been sold in a recent transaction. The sale took place on 07/21/2022. The property is situated in the Irving market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not mentioned in the CONTEXT
- Address: 3149 W Walnut Hill Ln & 3005 W Walnut Hill Ln, Irving
- Market: Irving
- Number of Units: 524
The buyer of the property is Touro Company. The deal was facilitated by Taylor Hill, Michael Ware, Drew Kile, Joey Tumminello, Asher Hall, and Will Balthrope from Institutional Property Advisors (IPA) - Marcus & Millichap. Brian Eisendrath and Cameron Chalfant from Marcus & Millichap acted as the mortgage brokers in this transaction.
On the Map
MultiFamily
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Players
Irving 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