Updated Oct 28, 2024
Magma Equities Acquires Multifamily Property In Fort Worth & Dallas From Viking Partners
7301 Oakmont Boulevard, Fort Worth, TX, USA
Units
562
Asset Type
MultiFamily
Closing
Nov 23, 2021
About this deal
AI
The multifamily property located at 7301 Oakmont Boulevard in Fort Worth and 2911 Clydedale Drive in Dallas has been sold. The transaction took place on 11/23/2021, with a total of 562 units in the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
The buyer, Magma Equities, represented by Ryan Hall and Tom Short, acquired the property from the seller, Viking Partners, represented by Bret Caller.
Traded’s record for 7301 Oakmont Boulevard, Fort Worth, TX, USA in Fort Worth, Texas covers a multifamily sale from 2021. Reported inventory is 562 units across 562 units. Named participants on the 7301 Oakmont Boulevard, Fort Worth, TX, USA sale are Tom Short, Ryan Hall. This page is the Fort Worth, Texas file for the 7301 Oakmont Boulevard, Fort Worth, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Fort Worth sit in the Market section below. Filter that Fort Worth multifamily set by closing date to see what else sold near 7301 Oakmont Boulevard, Fort Worth, TX, USA around 2021. Cite this Magma Equities Acquires Multifamily Property In Fort Worth & Dallas From Viking Partners sale when underwriting similar multifamily product around Fort Worth, Texas.
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