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701 North Hampton Street, F...

Buchanan Street Partners Acquires 387-Unit Multifamily Property In Fort Worth From StoneHawk Capital Partners
SOLDMultiFamily

Buchanan Street Partners Acquires 387-Unit Multifamily Property In Fort Worth From StoneHawk Capital Partners

701 North Hampton Street, Fort Worth, TX 76102

Building Size

Asset Type

MultiFamily

Closing

Dec 1, 2021

AI

Located at 701 N Hampton St in Fort Worth, this multifamily property is a notable addition to the market. The transaction took place on 12/01/2021, involving a total of 387 units spread across 9 acres. With its prime location and ample space, this property presents an attractive investment opportunity.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 387
  • Acres: 9

Key individuals and companies involved in the transaction include the buyer, Buchanan Street Partners, and the seller, StoneHawk Capital Partners. The deal was facilitated by Drew Kile, Joey Tumminello, Will Balthrope, Taylor Hill, Michael Ware, and Jeffrey Kindorf of Institutional Property Advisors (IPA) - Marcus & Millichap. Their expertise and negotiations played a vital role in the successful completion of this transaction.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

81 deals

Broker
Buchanan Street Partners
Buchanan Street PartnersBrokerage
Buchanan Street Partners
Buchanan Street PartnersBuyer

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