Updated Oct 29, 2024
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
About this deal
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.
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MultiFamily
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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