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1601 South Heatherwilde Bou...

Oxford At Palo Alto Ltd Acquires 300-Unit Multifamily In Pflugerville
SOLDMultiFamily

Oxford At Palo Alto Ltd Acquires 300-Unit Multifamily In Pflugerville

1601 South Heatherwilde Boulevard, Pflugerville, TX 78660, USA

Building Size

800 SF

Asset Type

MultiFamily

Closing

Mar 30, 2021

AI

The multifamily property located at 1601 S Heatherwilde Blvd in Pflugerville has been sold in a recent transaction. The sale was completed on 03/31/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 1601 S Heatherwilde Blvd, Pflugerville
  • Market: Pflugerville

The seller of the property was Palo Alto Luxury Apartments LP, while the buyer was Oxford at Palo Alto Ltd. The transaction involved 300 units in total. The brokers involved in the deal were Will Balthrope, Jordan Featherston, and Drew Kile from IPA, along with Kent Myers from Marcus & Millichap.

Players

Drew Kile

Institutional Property Advisors

Broker

$383.2M

vol

81 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Pflugerville 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