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Springlake Parkway, Haltom ...

Levin, Johnston & Millichap Represent Buyer In $39M Multifamily Sale In Haltom City
SOLDMultiFamily

Levin, Johnston & Millichap Represent Buyer In $39M Multifamily Sale In Haltom City

Springlake Parkway, Haltom City, TX, USA

$39,000,000

$132/SF

Building Size

293,972 SF

Asset Type

MultiFamily

Closing

Oct 29, 2020

AI

5301 Springlake Parkway, located in Haltom City, was recently sold for a total of $39,000,000. This multifamily property consists of 380 units, resulting in a price per unit of $102,613.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $39,000,000
  • Units: 380
  • Price Per Unit: $102,613
  • Date: 10/30/2020
  • Market: Haltom City

The transaction was facilitated by Adam Levin, Robert Johnston, and Eymon Binesh from Levin Johnston at Marcus and Millichap, acting as the brokers representing the parties involved in the deal.

Players

Adam Levin

Marcus & Millichap

Broker

$528.9M

vol

27 deals

Broker

Haltom City 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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93