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9900 Walnut St, Dallas, TX ...

Berkadia Brokers $56.8M Sale Of Richardson Multifamily Property To Berkshire Property Holdings
SOLDMultiFamily

Berkadia Brokers $56.8M Sale Of Richardson Multifamily Property To Berkshire Property Holdings

9900 Walnut St, Dallas, TX 75243, USA

$56,800,000

Building Size

Asset Type

MultiFamily

Closing

Sep 9, 2020

AI

The multifamily property located at 9900 – 10000 Walnut Street in Richardson was recently sold for a total price of $56,800,000. The property consists of 568 units, with a price per unit of $100,000. This transaction took place on September 10, 2020. Berkshire Property Holdings, represented by Zamir Kazi, served as the buyer for this deal.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $56,800,000
  • Units: 568
  • Price Per Unit: $100,000

The brokers involved in this transaction were William Jarnagan, Jay Gunn, Taylor Hill, Tom Burns, and Michael Ware, all from Berkadia.

Players

Jay Gunn

Berkadia

Broker

$56.8M

vol

3 deals

Broker

Zamir Kazi

Buyer

$622.8M

vol

10 deals

Buyer

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

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93