Updated Oct 29, 2024
9312 Beck Ave
9312 Beck Ave, Dallas, TX, 75228
Units
137
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The transaction involves 9312 Beck Ave, located in Dallas, TX 75228, which is home to the Residences at White Rock Lake, a 137-unit apartment community. The property sold does not include specific details about price and square footage.
Summary of transaction details:
- Property Type: Apartment Community
- Transaction Amount: Not specified
- Buyer: Unknown LLC
- Seller: Arcturus Investments
- Buyer's Representatives: Mark Allen - Global Real Estate Advisors (GREA), Chibuzor Nnaji Jr - Greystone
Mark Allen and Chibuzor Nnaji of Greystone|Investment Sales Group represented the seller, Arcturus Investments, a local Texas-based operator, while also securing the buyer, a local Dallas-Ft. Worth limited liability company.
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