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2670 S A.W. Grimes Blvd Rou...

Harbor Group International Acquires The Warner, A 336-Unit Luxury Multifamily Community In Round Rock, Texas
SOLDMultiFamily

Harbor Group International Acquires The Warner, A 336-Unit Luxury Multifamily Community In Round Rock, Texas

2670 S A.W. Grimes Blvd Round Rock, TX 78664, USA

Building Size

Asset Type

MultiFamily

Closing

Aug 21, 2023

AI

The Warner, a 336-unit luxury multifamily community located at 2670 S A W Grimes Boulevard in Round Rock, Texas, has been acquired by Harbor Group International, LLC. With a 98% lease rate, the property is well-positioned to benefit from Austin's strong business environment and the growth of the tech industry.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 336
  • Market: Round Rock

Harbor Group International, LLC, represented by Yisroel Berg, has reentered the Austin market with the acquisition of The Warner. The buyer's representative in the deal was Patton Jones from Newmark.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
Yisroel Berg

Yisroel Berg

Harbor Group International

Buyer

$732.9M

vol

5 deals

Buyer

San Diego 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