Updated Oct 28, 2024
Colgate McCallum Acquires 165-Unit Multifamily In Dallas From McCann Realty Partners & Carlyle
3604 Cedar Springs Rd, Dallas, TX, USA
Building Size
87,817 SF
Asset Type
MultiFamily
Closing
Nov 15, 2021
About this deal
AI
The multifamily property located at 3604 Cedar Springs Rd in Dallas has been sold in a recent transaction. With a total of 165 units, this property offers a significant investment opportunity in the Dallas market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3604 Cedar Springs Rd
- Market: Dallas
- Units: 165
The buyer of this property is Colgate McCallum, while the sellers are McCann Realty Partners and Carlyle. The deal was facilitated by a team of brokers from Institutional Property Advisors, including Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Grant Raymond, and Will Balthrope.
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