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12600 Avery Ranch Boulevard...

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

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

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

$61,400,000

$47,376/SF

Building Size

1,296 SF

Asset Type

MultiFamily

Closing

Jun 8, 2020

AI

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

Institutional Property Advisors

Broker

$5.4B

vol

71 deals

Broker
JLL
JLLBrokerage
Walton Street Capital
Walton Street CapitalLender

Cedar Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93