Langdon Street Capital Acquires 225-Unit Multifamily Property In Austin
12430 Metric Boulevard, Austin, TX, USA
Building Size
211,742 SF
Asset Type
MultiFamily
Closing
Jan 13, 2021
AI
Austin has seen a recent transaction in the multifamily sector with the sale of 12430 Metric Boulevard. This property, consisting of 225 units, changed hands on January 14, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 12430 Metric Boulevard
- Market: Austin
- Units: 225
The buyer, Langdon Street Capital represented by Matthew Steinberg, successfully acquired the property. The deal was facilitated by brokers Sean Sorrell, Joe Dowdle, and Ryan McBride from JLL Capital Markets.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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