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4200 Horizon North Parkway,...

Bridge Investment Group Acquires 712-Unit Multifamily In Dallas From Archway Equities
SOLDMultiFamily

Bridge Investment Group Acquires 712-Unit Multifamily In Dallas From Archway Equities

4200 Horizon North Parkway, Dallas, Texas 75287, United States

Building Size

Asset Type

MultiFamily

Closing

Apr 19, 2022

AI

The multifamily property located at 4200 Horizon North Parkway & 4300 Horizon North Parkway in Dallas has been sold. The transaction took place on April 20, 2022. The property consists of 712 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not available

The buyer of the property is Bridge Investment Group, while Archway Equities acted as the seller. The deal was facilitated by Richard Furr, Brian Murphy, Brian O’Boyle, Jr., and Jakob Andersen from the Newmark agency.

Players

Jakob Andersen

Newmark

Broker

$13.9M

vol

5 deals

Broker
Bridge Investment Group
Bridge Investment GroupBuyer
Bridge Investment Group
Bridge Investment GroupLender

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