Updated Nov 28, 2024
Madera Residential Acquires 589-Unit Multifamily Property In Fort Worth
600 Harrold Street, Fort Worth, TX 76107, USA
Building Size
439,211 SF
Asset Type
MultiFamily
Closing
Aug 16, 2021
About this deal
AI
Wood Partners and Goldman Sachs Asset Management have sold a multifamily property located at 600 Harrold St in Fort Worth. The property, spanning over 44 acres, consists of 589 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 589
- Acres: 44
- Market: Fort Worth
- Seller: Wood Partners & Goldman Sachs Asset Management
- Buyer: Madera Residential
Drew Kile, Joey Tumminello, Will Balthrope, Michael Ware, and Taylor Hill from Institutional Property Advisors (IPA) represented the seller in this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93