Updated Jun 5, 2026
Erik Strom Acquires 149-Unit Multifamily Asset In Dallas From Michael Hoffenberg
9312 Beck Avenue
Building Size
112,396 SF
Asset Type
MultiFamily
Closing
May 13, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily residence located at 9312 Beck Avenue in the Dallas market. The asset consists of 149 units with a total square footage of 112,396.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 9312 Beck Avenue
- Market: Dallas
- Units: 149
- Square Footage: 112,396
- Buyer: Erik Strom
- Seller: Michael Hoffenberg
- Brokers: Mark Allen, Todd Franks & Buck Poderski - Colliers
This transaction was facilitated by brokers Mark Allen, Todd Franks, and Buck Poderski from Colliers, who represented the interests of both the buyer and seller in this deal.
On the Map
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93