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9633 W Ferris Branch Blvd D...

Northmarq Brokers Sale Of 150-Unit Multifamily Property In Dallas
SOLDMultiFamily

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

Philip Wiegand

NorthMarq

Broker

13 deals

Broker

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