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
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