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805 Central Drive

Al Silva & Ford Braly Of Marcus & Millicha Facilitate Sale Of 195-Unit Multifamily Properties In Bedford
SOLDMultiFamily

Al Silva & Ford Braly Of Marcus & Millicha Facilitate Sale Of 195-Unit Multifamily Properties In Bedford

805 Central Drive

Building Size

Asset Type

MultiFamily

Closing

Mar 1, 2024

AI

The properties sold by Marcus & Millichap in Bedford, Texas, include Avanti on Central and Avanti on Pipeline, totaling 195 multifamily units. These properties offer opportunities for value enhancement through improved management and property upgrades. Strategically located in the Mid-Cities investment market, they leverage their proximity to Downtown Fort Worth and Dallas-Fort Worth International Airport.

Summary of transation details:

  • Property Type: Multifamily ~ UNITS: 195
  • Transaction Amount: Not provided
  • Address: 805 Central Drive
  • Market: Bedford

Al Silva and Ford Braly from Marcus & Millichap represented the buyer, a Dallas-based partnership, in the sale of the multifamily units in Bedford. Additionally, Brandon Brown from Marcus & Millichap Capital Corporation served as the mortgage broker for this transaction.

Players

Al Silva

Marcus & Millichap

Broker

$589.6M

vol

37 deals

Broker

Bedford 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