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11700 Metric Boulevard, Aus...

Wildhorn Capital Acquires 296-Unit Multifamily Property In Austin From Glen Una Management
SOLDMultiFamily

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

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.

Players

Kelly Witherspoon

Berkadia

Broker

3 deals

Broker
WC
Wildhorn CapitalBuyer

Glen Una

Management

Seller

$25M

vol

2 deals

Seller

Austin MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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