Arcturus Investments Sells Dallas Multifamily Property On Beck Ave To Buyer Groups Mark Allen & Chibuzor Nnaji
9302 Beck Avenue, Dallas, TX, USA
Building Size
670 SF
Asset Type
MultiFamily
Closing
Feb 28, 2021
AI
A multifamily property located at 9302 Beck Avenue in Dallas was recently sold. The transaction took place on 03/01/2021 and involved a total of 137 units. The property, owned by Arcturus Investments, was listed for sale in the Dallas market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
The sale of the property was facilitated by the brokers Mark Allen and Chibuzor Nnaji from Greystone. They represented Arcturus Investments in the transaction.
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