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8001 S Ih 35 Frontage Rd, A...

Sherman Residential Sells Austin Multifamily Property With FourPoint Investment As Brokers
SOLDMultiFamily

Sherman Residential Sells Austin Multifamily Property With FourPoint Investment As Brokers

8001 S Ih 35 Frontage Rd, Austin, Tx 78744, Estados Unidos

Building Size

625 SF

Asset Type

MultiFamily

Closing

Sep 23, 2020

AI

The property at 8001 S IH 35 Frontage Road in Austin has been sold in a multifamily transaction. The sale was facilitated by Kevin Dufour and Kyle Peco of FourPoint Investment. The property consists of 372 units and was sold by Sherman Residential.

Summary of transaction details

The involvement of Kevin Dufour and Kyle Peco from FourPoint Investment played a key role in the successful sale of the property at 8001 S IH 35 Frontage Road in Austin. Their expertise and representation were instrumental in the completion of the transaction.

Players

Kyle Peco

Broker

3 deals

Broker
Sherman Residential
Sherman ResidentialSeller

Austin MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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