Updated Oct 28, 2024
Fountaingate Multifamily LLC Acquires 280-Unit Multifamily Property In Wichita Falls From RREAF Holdings
5210 Tower Drive, Wichita Falls, Wichita, TX, USA
Building Size
252,200 SF
Asset Type
MultiFamily
Closing
May 17, 2020
About this deal
AI
The multifamily property located at 5210 Tower Dr in Wichita Falls has been sold. The transaction took place on May 17, 2021. The property consists of 280 units and is owned by RREAF Holdings.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 5210 Tower Dr
- Market: Wichita Falls
Fountaingate Multifamily LLC acquired the property from RREAF Holdings. The deal was facilitated by Matt Waskow from Rowan Multifamily Advisors as the broker representing Fountaingate Multifamily LLC.
Traded’s record for 5210 Tower Drive, Wichita Falls, Wichita, TX, USA in Wichita Falls, Texas covers a multifamily sale from 2020. Reported inventory is 252,200 square feet across 280 units, or about 0 per square foot. Matt Waskow, Rowan Multifamily Advisors appear on the sale alongside Rowan Multifamily Advisors. This page is the Wichita Falls, Texas file for the 5210 Tower Drive, Wichita Falls, Wichita, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Wichita Falls sit in the Market section below. Filter that Wichita Falls multifamily set by closing date to see what else sold near 5210 Tower Drive, Wichita Falls, Wichita, TX, USA around 2020. Cite this Fountaingate Multifamily LLC Acquires 280-Unit Multifamily Property In Wichita Falls From RREAF Holdings sale when underwriting similar multifamily product around Wichita Falls, Texas.
On the Map
MultiFamily
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Players
Wichita Falls 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