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5301 Decker Lane

Prism Multifamily Group Acquires 324-Unit Multifamily In Austin From Endeavor Properties
SOLD

Prism Multifamily Group Acquires 324-Unit Multifamily In Austin From Endeavor Properties

Building Size

Asset Type

Closing

Dec 28, 2021

AI

Located at 5301 Decker Lane in Austin, this multifamily property has recently been sold. The transaction took place on December 28, 2021. The property consists of 324 units, making it a significant investment in the Austin market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 5301 Decker Lane
  • Market: Austin
  • Units: 324

The buyer of the property is Prism Multifamily Group, while the seller is Endeavor Properties. The deal was facilitated by brokers Mark Grace and Alison Williams, who represented the parties in the transaction. Walker & Dunlop served as their agency.

In addition to the buyer, seller, and brokers, Asia Capital Real Estate Management provided lending services for this transaction.

Players

Mark Grace

Walker & Dunlop

Broker

$69M

vol

2 deals

Broker
PI
Prism Multifamily Group IncBuyer

Market CRE Market Snapshot

Boundary boundary · CRE · 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