Updated Oct 28, 2024
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
About this deal
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
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