Equity Cash Offer Acquires Package Deal Of 20 Units In Austin For $19.5M
1601 Rutland Drive, Austin, Texas 78758, United States
Building Size
19,527 SF
Asset Type
—
Closing
May 18, 2022
About this deal
AI
Equity Cash Offer, LLC recently closed a package deal in Austin, TX. The property, located at 1601 Rutland Dr, consists of 20 units with a total square footage of 19,527. The sale was conducted off-market, highlighting the expertise and efficiency of Equity Cash Offer.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: Not specified
- Address: 1601 Rutland Dr, Austin, TX
- Market: Austin, TX
- Number of Units: 20
The sale was facilitated by Donovan Ruffin, Cade Carter, and Crysta Marquez, representing Equity Cash Offer, LLC. Donovan Ruffin serves as the CEO of the company, Cade Carter handles acquisitions, and Crysta Marquez specializes in dispositions. Their expertise in the real estate market played a crucial role in the successful completion of this off-market deal.
Players
Austin CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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