Updated Oct 28, 2024
Sterling Real Estate Partners Sells Multifamily Property In Austin, Texas To Buyer Represented By Walker & Dunlop
12600 Avery Ranch Blvd, Austin, TX, USA
Building Size
1,296 SF
Asset Type
MultiFamily
Closing
Jun 4, 2020
About this deal
AI
The multifamily property located at 12600 Avery Ranch Blvd in Austin has been sold. The transaction took place on 06/04/2021 and involved the sale of a total of 332 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 12600 Avery Ranch Blvd
- Market: Austin
- Units: 332
The seller of the property was Sterling Real Estate Partners, represented by David Zeff. The brokerage team involved in the sale consisted of Matt Pohl, Forrest Bass, and Spencer Roy from Walker & Dunlop.
On the Map
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