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
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.
Players
Wichita Falls 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