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5454 Peterson Lane,Dallas,T...

Northmarq Brokers Facilitate Sale Of 217-Unit Multifamily Property In Dallas
SOLDMultiFamily

Northmarq Brokers Facilitate Sale Of 217-Unit Multifamily Property In Dallas

5454 Peterson Lane,Dallas,Texas

Building Size

Asset Type

MultiFamily

Closing

Oct 14, 2022

AI

An apartment complex located at 5454 Peterson Lane in Dallas has been sold in a recent transaction. The multifamily property consists of 217 units and was sold on October 14, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Address: 5454 Peterson Lane, Dallas
  • Market: Dallas
  • Units: 217

Taylor Snoddy, Charles Hubbard, Eric Stockley, and Philip Wiegand from Northmarq represented the sellers in this transaction as the brokers. Patrick Elliott and Lauren Bresky, also from Northmarq, served as the mortgage brokers involved in securing the financing for the deal.

Players

Philip Wiegand

NorthMarq

Broker

13 deals

Broker

Dallas 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