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
Dallas 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