Updated Dec 11, 2024
SPI Advisory Acquires Multifamily Property On Cedar Springs Road In Dallas
4533 Cedar Springs Rd, Dallas, TX 75219, USA
Building Size
147,955 SF
Asset Type
MultiFamily
Closing
Sep 9, 2020
About this deal
AI
Crow Holdings Capital has sold a multifamily property located at 4533 Cedar Springs Road in Dallas. The transaction took place on September 10, 2020, with SPI Advisory as the buyer. The property, which spans 147,955 square feet, was marketed for sale by the IPA Team from Marcus & Millichap, specifically through brokers Drew Kile, Will Balthrope, and Joey Tumminello.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not provided
Drew Kile, Will Balthrope, and Joey Tumminello, representing the IPA Team from Marcus & Millichap, facilitated the sale of the multifamily asset on behalf of Crow Holdings Capital to SPI Advisory. No additional information was provided regarding the transaction amount.
Players
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