Tides Equities Acquires 9505 Royal Lane Multifamily Asset In Dallas For $51,520,787
9505 Royal Lane
$51,520,787
$173/SF
Building Size
297,385 SF
Asset Type
MultiFamily
Closing
Apr 29, 2022
AI
The property asset involved in this transaction is located at 9505 Royal Lane in Dallas. This multi-family asset encompasses a total square footage of 297,385 and was sold for a transaction amount of $51,520,787.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $51,520,787.00
- Address: 9505 Royal Lane
- Market: Dallas
- Square Footage: 297,385
- Buyer: Tides Equities
- Seller: 9505 Royal Lane LP
- Brokers: Raphael David Jajati (Capital Property Partners), Daniel Rahmani (Capital Property Partners)
This transaction involved Tides Equities as the buyer acquiring the property from 9505 Royal Lane LP. Representing the seller in this deal were brokers Raphael David Jajati and Daniel Rahmani, both affiliated with Capital Property Partners.
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93