Updated Oct 28, 2024
Elizabeth Property Group Acquires 202-Unit Multifamily Asset In Dallas
8550 Midpark Rd, Dallas, TX, USA
Building Size
525 SF
Asset Type
MultiFamily
Closing
Jul 19, 2021
About this deal
AI
The multifamily property located at 8550 Midpark Rd in Dallas has recently been sold. The transaction, which took place on July 20, 2021, involved the sale of a property consisting of 202 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Date: 07/20/2021
- Address: 8550 Midpark Rd, Dallas
- Market: Dallas
- Units: 202
The buyer in this transaction was Elizabeth Property Group. The deal was facilitated by Mark Allen of Greystone, who represented the buyer in the sale.
Traded’s record for 8550 Midpark Rd, Dallas, TX, USA in Dallas, Texas covers a multifamily sale from 2021. Reported inventory is 525 square feet across 202 units, or about 0 per square foot. Mark Allen, Global Real Estate Advisors (GREA) appear on the sale alongside Global Real Estate Advisors (GREA). This page is the Dallas, Texas file for the 8550 Midpark Rd, Dallas, TX, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Dallas sit in the Market section below. Filter that Dallas multifamily set by closing date to see what else sold near 8550 Midpark Rd, Dallas, TX, USA around 2021. Cite this Elizabeth Property Group Acquires 202-Unit Multifamily Asset In Dallas sale when underwriting similar multifamily product around Dallas, Texas.
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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