Updated Oct 28, 2024
GID Real Estate Acquires 349-Unit Multifamily Property In Dallas
4926 Mission Avenue, Dallas, TX, USA
Building Size
300,000 SF
Asset Type
MultiFamily
Closing
Aug 8, 2021
About this deal
AI
The multifamily property located at 4926 Mission Ave in Dallas has been sold in a recent transaction. The property consists of 349 units and is situated in the Dallas market. The sale took place on 08/09/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
- Seller: JLB Partners - Bay W. Miltenberger
- Buyer: GID Real Estate Investments - Gregory S. Bates
The seller, JLB Partners, was represented by Bay W. Miltenberger in this transaction. On the other hand, the buyer, GID Real Estate Investments, was represented by Gregory S. Bates.
On the Map
MultiFamily
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Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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