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
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