SPI Advisory Acquires Ivy Urban Living Multifamily Property In Dallas
4211 Cabell Dr Dallas, TX 75204, USA
Building Size
—
Asset Type
MultiFamily
Closing
Jul 3, 2023
AI
SPI Advisory has acquired Ivy Urban Living, a 228-unit multifamily community in Dallas. The property, located at 4211 Cabell Drive, offers convenient access to highways and amenities, and is situated near downtown Dallas.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: N/A
- Units: 228
- Market: Dallas
The buyer, SPI Advisory represented by Michael Becker & Sean Mabarak, acquired Ivy Urban Living. The seller in the transaction was Frontline Capital Partners.
Texas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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