Updated Dec 21, 2023
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
About this deal
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
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