Updated Dec 21, 2023
Nicholas Residential & Hughes Capital Partners Acquire 473-Unit Multifamily Property In Dallas
3900 West Northwest Highway, Dallas, TX 75220, USA
Building Size
63,243 SF
Asset Type
MultiFamily
Closing
Sep 20, 2021
About this deal
AI
Located at 3900 W Northwest Hwy in Dallas, the multifamily property consisting of 473 units has been sold. The sale took place on September 20, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 3900 W Northwest Hwy
- Market: Dallas
- Units: 473
Nicholas Residential, represented by Paul Panza, and Hughes Capital Partners, represented by Greg Hughes, were the buyers involved in the transaction.
Traded’s record for 3900 West Northwest Highway, Dallas, TX 75220, USA in Dallas, Texas covers a multifamily sale from 2021. Reported inventory is 63,243 square feet across 473 units, or about 0 per square foot. This page is the Dallas, Texas file for the 3900 West Northwest Highway, Dallas, TX 75220, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Dallas sit in the Market section below. Filter that Dallas multifamily set by closing date to see what else sold near 3900 West Northwest Highway, Dallas, TX 75220, USA around 2021. Cite this Nicholas Residential & Hughes Capital Partners Acquire 473-Unit Multifamily Property In Dallas sale when underwriting similar multifamily product around Dallas, Texas.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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