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
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