Updated Oct 29, 2024
Wildhorn Capital Acquires 296-Unit Multifamily Property In Austin From Glen Una Management
11700 Metric Boulevard, Austin, TX, USA
Building Size
205,436 SF
Asset Type
MultiFamily
Closing
Jan 14, 2021
About this deal
AI
11700 Metric Boulevard in Austin has been sold in a recent transaction. The multifamily property consists of 296 units. The deal was closed on 01/15/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 11700 Metric Boulevard
- Market: Austin
- Units: 296
The seller of the property was Glen Una Management, while the buyer was Wildhorn Capital. The transaction was facilitated by Kelly Witherspoon, Michael Gonzalez, and Justin Cole from Berkadia, who represented both parties in the deal.
On the Map
MultiFamily
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Austin MultiFamily Market Snapshot
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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