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4444 Cole Avenue, Dallas, T...

Alliance Residential Co. & Goldman Sachs Asset Management Sell Multifamily Property In Dallas With Brokers From IPA & Marcus & Millichap
SOLDMultiFamily

Alliance Residential Co. & Goldman Sachs Asset Management Sell Multifamily Property In Dallas With Brokers From IPA & Marcus & Millichap

4444 Cole Avenue, Dallas, Texas 75205, United States

Building Size

Asset Type

MultiFamily

Closing

Feb 8, 2022

AI

Alliance Residential Co. and Goldman Sachs Asset Management have recently closed a multifamily property transaction in Dallas. The property, located at 4444 Cole Ave, spans across 5.5 acres and comprises 333 units. The deal was finalized on February 9, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Market: Dallas
  • Units: 333
  • Acres: 5.5

The sale was facilitated by Institutional Property Advisors (IPA) - Marcus & Millichap, with a team consisting of Michael Ware, Drew Kile, Joey Tumminello, Taylor Hill, Jeffrey Kindorf, and Will Balthrope representing the sellers, Alliance Residential Co. and Goldman Sachs Asset Management. These brokers played a crucial role in managing the transaction and ensuring its successful completion.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

81 deals

Broker
Goldman Sachs
Goldman SachsSeller

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