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Cielo At Burnet Sold In North Austin For Value-Add Renovation Program
SOLD
+ 1
Texas
See Similar DealsMultiFamily
Sold 08/08/2023
SOLD
Cielo At Burnet Sold In North Austin For Value-Add Renovation Program
1814 Colony Creek Dr Austin, TX 78758, USA
See Similar DealsMultiFamily
Sold 08/08/2023
+ 1
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The Muskin | Elam Group has brokered the sale of Cielo at Burnet, a 48-unit apartment complex located at 1814 Colony Creek Drive in North Austin. The property was sold by an undisclosed Georgia-based seller to an anonymous buyer. The buyer plans to implement a value-add program and rebrand the property as Colony Creek Apartments.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: N/A
- Address: 1814 Colony Creek Drive
- Market: Austin
- Units: 48
The sale of Cielo at Burnet was facilitated by brokers Daniel Elam and Lyles Carter from the Muskin | Elam Group. They successfully closed the deal between the undisclosed seller and the anonymous buyer. Cielo at Burnet will now undergo a value-add program and be rebranded as Colony Creek Apartments.
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