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3565 Timberglen Rd, Dallas,...

WBE Equity Acquires 260-Unit Multifamily Property In Dallas From Forge Partners
SOLDMultiFamily

WBE Equity Acquires 260-Unit Multifamily Property In Dallas From Forge Partners

3565 Timberglen Rd, Dallas, TX, USA

Building Size

201,198 SF

Asset Type

MultiFamily

Closing

Oct 5, 2021

AI

A multifamily property located at 3565 Timberglen Rd in Dallas has been sold in a recent transaction. The property offers 260 units with a total area of 201,198 square feet. The sale took place on October 5th, 2021. The property is situated in the Dallas market, known for its strong real estate opportunities.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 260
  • Total Square Footage: 201,198
  • Address: 3565 Timberglen Rd, Dallas
  • Market: Dallas

WBE Equity has acquired the property from Forge Partners. Rowan Burch, Coleton Burch, Matt Waskow, and Conner Martin, representing Rowan Multifamily Advisors, acted as the brokers in this transaction. The involvement of these key individuals and companies played a significant role in facilitating the deal.

Players

Matt Waskow

Rowan Multifamily Advisors

Broker

$41.9M

vol

7 deals

Broker
FP
Forge PartnersSeller

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