Updated Dec 19, 2023
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
Fort Worth 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93