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
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