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3402 S Buckner BLVD, Dallas...

3402 S Buckner BLVD
SOLDMultiFamily

3402 S Buckner BLVD

3402 S Buckner BLVD, Dallas, TX, 752...

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property involved in this transaction is Bella Vista Apartments, a 272-unit multifamily community located at 3402 S. Buckner Blvd. in East Dallas. The property, built between 1985 and 1987, features one- and two-bedroom units along with amenities such as a pool, business center, and a resident clubhouse. At the time of sale, the community was 93 percent occupied.

Summary of transaction details:

This transaction involved GVA Management acquiring the property, with plans for rehabilitation after the sale. The deal was facilitated by CBRE, indicating the involvement of experienced brokers in the negotiation process.

Players

Chris Deuillet

CBRE

Broker

$16.7M

vol

21 deals

Broker
GM
GVA ManagementBuyer

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