Updated Sep 9, 2024
Marcus & Millichap Agents Facilitate Sale Of 344-Unit Multifamily Property In Fort Worth
5270 Bryant Irvin Road, Fort Worth, Texas 76132, United States
Building Size
344,054 SF
Asset Type
MultiFamily
Closing
Mar 28, 2022
About this deal
AI
The multifamily property located at 5270 Bryant Irvin Rd in Fort Worth has been sold in a recent transaction. The property consists of 344 units, making it a significant asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 03/29/2022
- Address: 5270 Bryant Irvin Rd
- Market: Fort Worth
- Units: 344
The sale of the property was facilitated by Taylor Hill, Drew Kile, Joey Tumminello, Michael Ware, Asher Hall, and Will Balthrope from Institutional Property Advisors (IPA) - Marcus & Millichap. These brokers were instrumental in representing the parties involved in the transaction.
Players
Fort Worth 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