Updated Dec 21, 2023
Marcus & Millichap Brokers Al Silva & Ford Braly Sell Multifamily Property In Fort Worth & Hurst, TX For $46.4M
6201 Woodway Drive, Fort Worth, Texas 76133, United States
$46,440,000
Units
351
Asset Type
MultiFamily
Closing
Oct 3, 2022
About this deal
AI
Located in Fort Worth and Hurst, TX, the recently closed multifamily property transaction at 6201 Woodway Dr and 601 Brown Trl has garnered significant attention. This sale, facilitated by the reputable real estate firm Marcus & Millichap, was completed on 10/04/2022, achieving a remarkable sale price of $46,440,000. The property consists of 351 units, resulting in a per unit price of $132,308.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $46,440,000
- Units: 351
- Price Per Unit: $132,308
- Market: Fort Worth and Hurst, TX
The deal was successfully negotiated by Al Silva and Ford Braly, both representing Marcus & Millichap. Their expertise and professional approach played crucial roles in sealing the transaction. The collaborative efforts of the brokers and their clients resulted in a highly favorable outcome for all parties involved.
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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93