Magma Equities Acquires Multifamily Property In Fort Worth & Dallas From Viking Partners
7301 Oakmont Boulevard, Fort Worth, TX, USA
Building Size
—
Asset Type
MultiFamily
Closing
Nov 23, 2021
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.
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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