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404 Andrews Avenue, Dallas,...

Updated Dec 21, 2023

Marcus & Millichap Brokers Sell Multifamily Property In Dallas For $Undisclosed Amount
SOLDMultiFamily

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

Nick Fluellen

Marcus & Millichap

Broker

$8.5M

vol

39 deals

Broker

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

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