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5925 Callaston Ln, Fort Wor...

Updated Dec 19, 2023

Marcus & Millichap's Silva Multifamily Team Sells 1,109-Unit Multifamily Portfolio In Fort Worth, Arlington, And Dallas For $113M
SOLDMultiFamily

Marcus & Millichap's Silva Multifamily Team Sells 1,109-Unit Multifamily Portfolio In Fort Worth, Arlington, And Dallas For $113M

5925 Callaston Ln, Fort Worth, TX, USA

$113,000,000

$571/SF

Building Size

197,881 SF

Asset Type

MultiFamily

Closing

Oct 5, 2021

About this deal

AI

The multifamily properties located at 5925 Callaston Ln, 7040 John T White Rd, 2020 Cedar Point Dr, 3064 Spruce Valley Ln, and 3064 Las Vegas Trl have been sold in a transaction in Fort Worth, Arlington, and Dallas. The sale was facilitated by the Silva Multifamily Team from Marcus & Millichap, represented by brokers Al Silva and Ford Braly.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $113,000,000 (approx.)
  • Number of Units: 1,109
  • Price Per Unit (PPU): $101,894
  • Market: Fort Worth, Arlington, and Dallas

The multifamily properties were sold for an estimated total of $113,000,000, with each unit valued at around $101,894. The address of the properties involved in the transaction are 5925 Callaston Ln, 7040 John T White Rd, 2020 Cedar Point Dr, 3064 Spruce Valley Ln, and 3064 Las Vegas Trl. The properties are located in the Fort Worth, Arlington, and Dallas markets.

The team responsible for facilitating the transaction was the Silva Multifamily Team from Marcus & Millichap, represented by brokers Al Silva and Ford Braly.

Players

Al Silva

Marcus & Millichap

Broker

$589.6M

vol

38 deals

Broker

Fort Worth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $571 per square foot on a published $113M for 197,881 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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