Updated Dec 20, 2023
Marcus & Millichap Brokers Acquire 53-Unit Multifamily Property In Dallas
9920 Forest Lane, Dallas,Texas
Units
53
Asset Type
MultiFamily
Closing
Nov 30, 2020
About this deal
AI
The multifamily property located at 9920 Forest Lane in Dallas has been recently sold. The sale took place on November 30, 2020. The property consists of 53 units and is part of the Dallas market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 9920 Forest Lane, Dallas
- Market: Dallas
- Units: 53
The sale of this multifamily property was facilitated by the brokers Nick Fluellen, Bard Hoover, & Joey Murry from Marcus & Millichap. They played a key role in representing the parties involved in the transaction, although no additional details about the deal were provided.
On the Map
MultiFamily
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93