Updated Sep 9, 2024
Kent Myers Of Marcus & Millichap Represents Buyer In Sale Of Property In Leander, TX
149 S Bagdad Rd, Leander, TX, 78641
Units
240
Asset Type
MultiFamily
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is a 240-unit apartment community known as 22 North, located at 149 S Bagdad Rd, Leander, TX, 78641. It is situated in the Leander market and includes one-, two-, and three-bedroom units with an average size of 1,090 square feet. The property was built in 2018 and offers several amenities such as a pool, fitness center, business center, grilling area, and a media/game room.
Summary of transaction details:
- Property Type: Apartment Community
- Transaction Amount: Unknown
- Address: 149 S Bagdad Rd, Leander, TX, 78641
- Market: Leander
- Buyer: Unknown
- Seller: Unknown
- Buyer's Representative: Kent Myers - Marcus & Millichap
- Seller's Representative: Will Balthrope - Marcus & Millichap
- Additional Representative: Jordan Featherston - Marcus & Millichap
The transaction involved the representation of both the buyer and seller by Institutional Property Advisors (IPA), which is a division of Marcus & Millichap. The identities of the buyer and seller were not disclosed. Will Balthrope, Kent Myers, and Jordan Featherston participated in the negotiations and conducted the transaction on behalf of their clients.
On the Map
MultiFamily
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Leander 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