Updated Oct 28, 2024
Sparrow Partners Acquires 151-Unit Multifamily In Austin From Cadence Multi-Family
12100 Archeleta Boulevard, Austin, Texas 78739, United States
Units
151
Asset Type
MultiFamily
Closing
Apr 12, 2022
About this deal
AI
Located at 12100 Archeleta Blvd in Austin, this multifamily property consisting of 151 units was recently sold in a closed transaction. The sale was facilitated by Charles Bissel from JLL Capital Markets.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Date: 04/13/2022
- Market: Austin
The buyer, Sparrow Partners, acquired the property from the seller, Cadence Multi-Family. Charles Bissel from JLL Capital Markets represented the seller in this transaction.
Traded’s record for 12100 Archeleta Boulevard, Austin, Texas 78739, United States in Austin, Texas covers a multifamily sale from 2022. Reported inventory is 151 units across 151 units. Charles Bissel, JLL appear on the sale alongside JLL. This page is the Austin, Texas file for the 12100 Archeleta Boulevard, Austin, Texas 78739, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Austin sit in the Market section below. Filter that Austin multifamily set by closing date to see what else sold near 12100 Archeleta Boulevard, Austin, Texas 78739, United States around 2022. Cite this Sparrow Partners Acquires 151-Unit Multifamily In Austin From Cadence Multi-Family sale when underwriting similar multifamily product around Austin, Texas.
Players
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