Updated Dec 21, 2023
Bell Partners Acquires 619-Unit Multifamily Property In Austin
10300 South Interstate 35 Frontage Road, Austin, TX, USA
Building Size
357,492 SF
Asset Type
MultiFamily
Closing
Jun 8, 2020
About this deal
AI
The multifamily property located at 10300 & 10500 S IH 35 Frontage Rd in Austin has been sold. The transaction took place on 06/08/2021, and the property consists of 619 units. The sale was completed by Bell Partners, represented by Steven D. Bell & Jon D. Bell.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 619
The buyer in this transaction was Bell Partners, with Steven D. Bell & Jon D. Bell representing the company. No additional information regarding the transaction or the individuals involved has been provided.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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