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1735 Rutland Drive, Austin,...

DB Capital Management Acquires Multifamily Property In Austin With Brennen Degner As Buyer's Rep
SOLDMultiFamily

DB Capital Management Acquires Multifamily Property In Austin With Brennen Degner As Buyer's Rep

1735 Rutland Drive, Austin, TX, USA

Building Size

816 SF

Asset Type

MultiFamily

Closing

Jan 27, 2021

AI

A multifamily property in Austin has recently been sold in a closed transaction. The property, located at 1200 Mearns Meadow, 1804 Rundberg Lane, & 1735 Rutland Drive, consists of 422 units. The sale was finalized on January 28, 2021. The transaction was facilitated by DB Capital Management - Brennen Degner, who acted as the buyer. The buyer's representatives were Michael Wardlaw, Charles Cirar, & Colin Cannata from CBRE.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 422

The sale of this multifamily property in Austin involved DB Capital Management as the buyer. The transaction was represented by Brennen Degner. The buyer's representatives, Michael Wardlaw, Charles Cirar, & Colin Cannata, from CBRE, played a crucial role in facilitating the deal.

Players

Michael Wardlaw

CBRE

Broker

3 deals

Broker
Brennen Degner

Brennen Degner

DB Capital Management

Buyer

$133.6M

vol

6 deals

Buyer

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