Updated Dec 20, 2023
Lincoln Ventures Acquires Development Site In East Austin With Buyer's Rep David Kanne
2700 East 5th Street, Austin, Texas 78702, United States
Units
625
Asset Type
Development Site
Closing
Feb 7, 2022
About this deal
AI
A development site located at 2700 E. Fifth St. in East Austin has been sold. The transaction took place on February 8, 2022. The property is a development site consisting of 625 units. The buyer of the property is Lincoln Ventures, represented by David Kanne.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 2700 E. Fifth St.
- Market: East Austin
- Units: 625
- Buyer: Lincoln Ventures - David Kanne
David Kanne, representing Lincoln Ventures, was the buyer in this transaction for the development site located at 2700 E. Fifth St. in East Austin. The deal closed on February 8, 2022.
Players
Austin Development Site Market Snapshot
Boundary boundary · Development Site · 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