Updated Feb 24, 2025
David P. Zar, Shawn Hakimian, And David Lynd Acquire 777-Unit Multifamily Property In Austin For $114.3M
2800 La Frontera Blvd, Round Rock, TX 78681, USA
$114,300,000
$158/SF
Building Size
720,753 SF
Asset Type
MultiFamily
Closing
Mar 11, 2020
About this deal
AI
The multifamily property at 2800 La Frontera Blvd and 941 Hesters Crossing Road in Austin, Texas has been sold for a price of $114,300,000. The property spans a total of 720,753 square feet and consists of 777 units. The price per square foot for this transaction is $158, while the price per unit is $147,104.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $114,300,000
- Address: 2800 La Frontera Blvd, 941 Hesters Crossing Road, Austin, Texas
- Market: Austin, Texas
- Square Feet: 720,753
- Price per Square Foot: $158
- Number of Units: 777
- Price per Unit: $147,104
The acquisition was made by David P. Zar and Shawn Hakimian from North Point Capital Group, along with David Lynd. David P. Zar & Shawn Hakimian represent North Point Capital Group, while David Lynd represents The [...].
Players
Round Rock 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93