Waypoint Real Estate Acquires 422-Unit Multifamily Property In Dallas
8250 Meadow Road, Dallas, TX, USA
Building Size
1,476 SF
Asset Type
MultiFamily
Closing
Dec 10, 2020
AI
The multifamily property located at 8250 Meadow Road in Dallas has been sold in a recent transaction. The property consists of 422 units and was sold on December 11, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 12/11/2020
- Address: 8250 Meadow Road
- Market: Dallas
- Units: 422
The seller of the property was Hanover Co., while the buyer was Waypoint Real Estate represented by Scott Lawlor. The transaction was facilitated by the brokerage firm Marcus & Millichap.
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