Castle Lanterra Properties Acquires 529-Unit Apartment In Austin For $129M
Triangle Residences, Building A, 4600 W Guadalupe St, Austin, Tx 78751, Usa
$129,000,000
$41,148/SF
Building Size
3,135 SF
Asset Type
Other
Closing
Jul 14, 2020
AI
The mixed-use development located at 4600 W Guadalupe Street in Austin has been sold for a total price of $129,000,000. The property, consisting of 529 apartment units, was built between 2006 and 2008. The sale price translates to a per unit price of $244,000.
Summary of transation details
- Property Type: Apartment
- Transaction Amount: $129,000,000
- Units: 529
- Price Per Unit: $244,000
Castle Lanterra Properties, represented by Elie Rieder, was the buyer in this transaction.
The mixed-use development offers not only residential space but also retail and restaurant options, making it an attractive location for residents.
Players
Austin Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93