Updated Dec 22, 2023
Lynd Acquires 250-Unit Multifamily Property In Austin On Lake Creek Pkwy
10015 Lake Creek Parkway, Austin, TX 78729
Building Size
244,629 SF
Asset Type
MultiFamily
Closing
Jul 14, 2020
About this deal
AI
The multifamily property located at 10015 Lake Creek Pkwy in Austin was recently sold. The transaction took place on 07/14/2021 and was managed by David Lynd. The property spans an area of 244,629 square feet and consists of 250 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 10015 Lake Creek Pkwy
- Market: Austin
- Square Footage: 244,629
- Number of Units: 250
Detailed information about the buyer and seller involved in the deal is as follows: LYND acted as the buyer's representative, represented by David Lynd.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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