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Continental Realty Group Acquires Wildcreek Apartments From Bob Reeve In Austin For 232 Units
SOLD
Texas
See Similar DealsMultiFamily15,312 SF
Sold
SOLD
Continental Realty Group Acquires Wildcreek Apartments From Bob Reeve In Austin For 232 Units
1511 Faro Drive
See Similar DealsMultiFamily15,312 SF
Sold
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:15312 SF
Transaction Type:Sale
The sale involved the 232-unit Wildcreek Apartments located at 1511 Faro Drive in South Central Austin. The property encompasses 153,120 square feet on a 14.2-acre site and was built in 1984. It is currently 63% occupied and presents full value-add potential as all units are unrenovated.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 232
- Square Footage: 153,120
- Acres: 14.2
- Buyer: Continental Realty Group
- Seller: Bob Reeve
- Brokers: Ryan McBride, Robert Wooten & Robert Arzola - JLL
JLL Capital Markets facilitated the sale between seller Bob Reeve and buyer Continental Realty Group, providing expertise in closing the transaction of this multifamily asset.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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