Updated Oct 29, 2024
Pintar Investment Company Acquires Austin Multifamily For $58M
1900 Airport Commerce Drive, Austin, TX, USA
$58,000,000
$45,454/SF
Building Size
1,276 SF
Asset Type
MultiFamily
Closing
Jan 3, 2021
About this deal
AI
The multifamily property located at 1900 Airport Commerce Drive in Austin was recently sold in a transaction worth $58,000,000. The property comprises 276 units, with a per-unit price of approximately $210,145.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $58,000,000
- Address: 1900 Airport Commerce Drive
- Market: Austin
- Seller: Alliance Residential
- Buyer: Pintar Investment Company - Jeff Pintar
- Units: 276
- Price Per Unit: $210,145
The buyer in this transaction is Jeff Pintar from Pintar Investment Company. Jeff Pintar represented himself in the deal. The seller, on the other hand, was Alliance Residential. The sale of this multifamily property offers a significant investment opportunity in Austin's real estate market.
Players
Austin 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93