Western Wealth Capital Acquires 288-Unit Multifamily Property In Garland
5118 Broadway Boulevard, Garland, TX 75043
Building Size
114,527 SF
Asset Type
MultiFamily
Closing
Jun 14, 2020
AI
An multifamily property located at 5118 Broadway Blvd in Garland has been sold in a recent transaction. The property consists of 288 units and was sold on June 14, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 5118 Broadway Blvd
- Market: Garland
- Units: 288
The buyer of the property is Western Wealth Capital. The transaction was facilitated by a team of brokers, including Bard Hoover, Nick Fluellen, and David Fersing from Marcus & Millichap, as well as Drew Kile and Joey Tumminello from Institutional Property Advisors.
Players
Garland 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