Updated Oct 29, 2024
Tides Equities Acquires 356-Unit Multifamily Property In Fort Worth
8951 Randol Mill Road, Fort Worth, TX, USA
Building Size
322,847 SF
Asset Type
MultiFamily
Closing
Mar 21, 2021
About this deal
AI
Located at 8951 Randol Mill Road in Fort Worth, this multifamily property spans 322,847 square feet and consists of 356 units. The transaction took place on March 22, 2021.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Square Footage: 322,847
- Number of Units: 356
- Address: 8951 Randol Mill Road, Fort Worth
- Market: Fort Worth
Ashcroft Capital acted as the seller in this transaction, while Tides Equities, represented by Sean Kia & Ryan Andrade, emerged as the buyers. The deal was facilitated by NorthMarq as the brokerage firm involved.
This acquisition represents Tides Equities' second purchase in the greater Dallas area and their 43rd acquisition in the Western US since 2016.
Players
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily sales on Traded.
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