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Old Three Hundred Capital Acquires Multifamily Asset In Cedar Park For $61.4M

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FINANCED
$61,400,000

Texas

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MultiFamily1,296 SF
Financed 06/08/2020
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Property Image
FINANCED

Old Three Hundred Capital Acquires Multifamily Asset In Cedar Park For $61.4M

12600 Avery Ranch Boulevard, Cedar Park, TX 78613, USA

See Similar Deals
MultiFamily1,296 SF
Financed 06/08/2020
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Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$47,376
Total Square Footage:1,296 SF
Transaction Type:Loan

A multifamily property located at 12600 Avery Ranch Boulevard in Cedar Park has been involved in a recent closed transaction. The property spans across 46 acres and is part of the Cedar Park market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $61,400,000
  • Address: 12600 Avery Ranch Boulevard
  • Market: Cedar Park
  • Acres: 46

The landlord in this transaction is Old Three Hundred Capital, represented by Nicholas Yarnall, Paolo Boero, and William Gottfried. The loan for the property was provided by Walton Street Capital. The brokers involved in the deal were Marko Kazanjian, Chris McColpin, and Andrew Cohen from JLL Capital Markets.

Players

Marko Kazanjian
71 deals$5.4B volume
BROKER

Chris McColpin
Newmark
9 deals$259.5M volume
BROKER

Andrew Cohen
Institutional Property Advisors
43 deals$3B volume
BROKER

JLL
BROKERAGE




Details

FINANCED
IMAGE: Marko Kazanjian, Chris McColpin, Nicholas Yarnall, William Gottfried, Paolo Boero & Andrew Cohen DATE: 06/08/2021 ADDRESS: 12600 Avery Ranch Boulevard MARKET: Cedar Park ASSET TYPE: Multifamily ACRES: 46 LANDLORD: Old Three Hundred Capital - Nicholas Yarnall, Paolo Boero & William Gottfried LENDER: Walton Street Capital BROKERS: Marko Kazanjian, Chris McColpin, & Andrew Cohen - JLL Capital Markets LOAN AMOUNT: $61,400,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$61,400,000.00

Monthly NOI$409,333.33
Monthly Debt Service$388,089.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00