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
Bedford 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