$17.25M contract planted for OakChase sale in Arlington

ARLINGTON – The OakChase Apartment Homes at 4924 Sigmond Dr. is under contract to be sold to an undisclosed buyer for $17.85 million, or approximately $76,000 per unit.

The 236-unit multifamily complex was constructed in 1984 on 10.2 acres in Dallas’ Outer Southeast Fort Worth Multifamily submarket.

The gated community consists of one- to three-bedroom units and features on-site amenities that include a pool, fitness, center, laundry facilities and security system.

OakChase Apartment Homes offer units ranging from 544 sf to 1,036 sf. Rent ranges from $635 to $1,125.

Vancouver-based Pure Multi-Family REIT paid $13.6 million for the community in July 2012.

The transaction is slated to close September 2.

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