Erik Strom Acquires 149-Unit Multifamily Asset In Dallas From Michael Hoffenberg
SOLD
+ 1
Texas
See Similar DealsMultiFamily112,396 SF
Sold 05/13/2026
SOLD
Erik Strom Acquires 149-Unit Multifamily Asset In Dallas From Michael Hoffenberg
9312 Beck Avenue
See Similar DealsMultiFamily112,396 SF
Sold 05/13/2026
+ 1
Summary
TEXAS
Asset Type:MultiFamily
Total Square Footage:112,396 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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