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9505 Royal Lane

Tides Equities Acquires 9505 Royal Lane Multifamily Asset In Dallas For $51,520,787
SOLDMultiFamily

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

Daniel Rahmani

Capital Property Partners

Broker

$184.9M

vol

12 deals

Broker
Tides Equities
Tides EquitiesBuyer

Dallas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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