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750 Fort Worth Avenue, Dall...

Polaris Real Estate Partners Acquires Multifamily Property In Dallas
SOLDMultiFamily

Polaris Real Estate Partners Acquires Multifamily Property In Dallas

750 Fort Worth Avenue, Dallas, Texas 75208, United States

Building Size

212,994 SF

Asset Type

MultiFamily

Closing

Jan 31, 2022

AI

A multifamily property located at 750 Fort Worth Ave in Dallas has been sold in a recent transaction. The property consists of 201 units and was part of the sale deal.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Date: 02/01/2022
  • Address: 750 Fort Worth Ave
  • Market: Dallas
  • Units: 201

Polaris Real Estate Partners acquired the property from Arc Capital Partners. The transaction was facilitated by the brokerage team at Institutional Property Advisors (IPA) - Marcus & Millichap, including Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, Jeffrey Kindorf, and Will Balthrope.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

81 deals

Broker
Arc Capital Partners
Arc Capital PartnersSeller

Dallas 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