Northmarq Brokers Sale Of 150-Unit Multifamily Property In Dallas
9633 W Ferris Branch Blvd Dallas, TX 75243, USA
Building Size
—
Asset Type
MultiFamily
Closing
May 3, 2023
AI
Northmarq brokered the sale of Wyndham on the Creek, a 150-unit multifamily property in North Dallas. The property, built in 1984, offers one- and two-bedroom units for residents. Amenities on-site include a pool, clubhouse, business center, and onsite laundry facilities.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 9633 West Ferris Branch Boulevard, Dallas
- Market: Dallas
- Units: 150
The sale was facilitated by Taylor Snoddy, Eric Stockley, Charles Hubbard, and Philip Wiegand of Northmarq. The buyer and seller of the property were not disclosed.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93