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711 Grand Court

Sam Maverick Apartments Sells Multifamily Property In Arlington's Tarrant County With Broker Wellington Realty
SOLDMultiFamily

Sam Maverick Apartments Sells Multifamily Property In Arlington's Tarrant County With Broker Wellington Realty

711 Grand Court

Building Size

28,336 SF

Asset Type

MultiFamily

Closing

Jun 4, 2020

AI

Sam Maverick Apartments in Arlington, Tarrant County, has been sold in a recent transaction. The multifamily property, located at 711 Grand Ct., was sold on 06/05/20. The sale of this property was facilitated by Wellington Realty, with David Shaffer, Caleb Jones, Will Miller, and William Hubbard representing the seller. The property offers potential for investment in the growing Arlington market.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 711 Grand Ct., Arlington
  • Market: Tarrant County

The sale of Sam Maverick Apartments was successfully completed by Wellington Realty, with brokers David Shaffer, Caleb Jones, Will Miller, and William Hubbard representing the seller. This transaction adds to the real estate activity in the Arlington market, demonstrating the ongoing demand for multifamily properties in Tarrant County.

Players

William Hubbard

Institutional Property Advisors

Broker

$16.7M

vol

28 deals

Broker
CBRE
CBREBrokerage

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