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
Dallas 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