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4211 Cabell Dr Dallas, TX 7...

SPI Advisory Acquires Ivy Urban Living Multifamily Property In Dallas
SOLDMultiFamily

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.

Players

Michael Becker

SPI Advisory

Buyer

7 deals

Buyer

Texas 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