Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Multifamily Property In Dallas For $Undisclosed Amount
404 Andrews Avenue, Dallas, TX, USA
Building Size
15,108 SF
Asset Type
MultiFamily
Closing
Feb 1, 2021
About this deal
AI
404 Andrews Avenue, located in Dallas, has been sold in a recent transaction. The property, classified as a multifamily asset, consists of 116 units. The sale took place on 02/02/2021, with Nick Fluellen, Bard Hoover, and Wesley Racht of Marcus & Millichap representing the parties involved in the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Units: 116
In this transaction, the brokers who facilitated the deal were Nick Fluellen, Bard Hoover, and Wesley Racht, all from Marcus & Millichap. They played a crucial role in bringing the parties together and ensuring a successful outcome for both sides.
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