Updated Oct 29, 2024
Tides Equities Acquires Multifamily Property In Arlington For $undisclosed Amount
707 Washington Drive, Arlington, TX, USA
Building Size
325,879 SF
Asset Type
MultiFamily
Closing
Feb 2, 2021
About this deal
AI
Located at 707 Washington Drive in Arlington, this multifamily property was recently sold in a closed transaction. The property consists of 436 units and spans a total of 325,879 square feet. The deal took place on February 3, 2021.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: Not mentioned
- Market: Arlington
- Seller: Nitya Capital
- Buyer: Tides Equities - Sean Kia & Ryan Andrade
- Brokers: Taylor Snoddy - Northmarq
Tides Equities, represented by Sean Kia and Ryan Andrade, acquired the property from Nitya Capital. The transaction was facilitated by Taylor Snoddy from Northmarq.
Players
Arlington 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