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149 S Bagdad Rd, Leander, T...

Kent Myers Of Marcus & Millichap Represents Buyer In Sale Of Property In Leander, TX
SOLDMultiFamily

Kent Myers Of Marcus & Millichap Represents Buyer In Sale Of Property In Leander, TX

149 S Bagdad Rd, Leander, TX, 78641

Building Size

Asset Type

MultiFamily

Closing

Nov 20, 2023

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.

Players

Kent Myers

Marcus & Millichap

Broker

$19M

vol

13 deals

Broker

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