Updated Dec 21, 2023
Cottonwood Group And Texsun Holdings Acquire Multifamily Property In Fort Worth
6051 Bridge Street, Fort Worth, Texas 76112, United States
Building Size
342,000 SF
Asset Type
MultiFamily
Closing
Aug 22, 2022
About this deal
AI
The multifamily property located at 6051 Bridge Street & 5801 Bridge Street in Fort Worth has been sold. The transaction took place on August 23, 2022. The property consists of 480 units and spans a total area of 342,000 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: N/A
- Address: 6051 Bridge Street & 5801 Bridge Street
- Market: Fort Worth
- Units: 480
- Square Footage: 342,000
The buyers involved in the transaction are Cottonwood Group represented by Mark Green and Texsun Holdings represented by Sean Fogelman.
Players
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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