Updated Sep 9, 2024
Al Silva And Ford Braly Of Marcus & Millichap Acquire Multifamily Properties In Hurst, Arlington, And Dallas For $36.6M
621 Arcadia Street, Hurst, Texas 76053, United States
$36,600,000
Units
377
Asset Type
MultiFamily
Closing
Jan 9, 2023
About this deal
AI
The multifamily property located at 621 Arcadia St, 5608 S Cooper St, and 3035 E Ledbetter Dr in Hurst, Arlington, and Dallas respectively was recently sold. The sale was facilitated by brokers Al Silva and Ford Braly from Marcus & Millichap. The mortgage broker involved in the transaction was Tyler Rentfro from Marcus & Millichap Capital Corporation. The sale price for the property was $36,600,000. The property consists of 377 units, with a price per unit (PPU) of $97,082.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $36,600,000
- Address: 621 Arcadia St, 5608 S Cooper St, and 3035 E Ledbetter Dr
- Market: Hurst, Arlington, and Dallas
- Brokers: Al Silva and Ford Braly from Marcus & Millichap
- Mortgage Broker: Tyler Rentfro from Marcus & Millichap Capital Corporation
- Units: 377
- Price per Unit (PPU): $97,082
Al Silva and Ford Braly played a crucial role in facilitating the sale of the multifamily property. They represented the seller and/or the buyer in the deal. Tyler Rentfro acted as the mortgage broker, representing Marcus & Millichap Capital Corporation. The successful transaction highlights their expertise in the real estate industry and their ability to navigate complex deals in the Hurst, Arlington, and Dallas markets.
Players
Hurst 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93