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2825 Main St, Buda, TX, 78610

Updated Oct 29, 2024

Brixton Capital Purchases Property At 2825 Main St In Buda With Seller's Rep Kent Myers
SOLDMultiFamily

Brixton Capital Purchases Property At 2825 Main St In Buda With Seller's Rep Kent Myers

2825 Main St, Buda, TX, 78610

Units

300

Asset Type

MultiFamily

Closing

Nov 20, 2023

About this deal

AI

The property involved in this transaction is Royalton at Sunfield, a 300-unit apartment community located at 2825 Main St, Buda, TX, 78610. The complex was built in 2021 and features a garden-style layout consisting of 14 three-story buildings. The amenities offered include a pool, dog park, office space, community kitchen, entertainment pavilion, tenant lounge, and fitness center. The market value of Buda is referenced due to its location within the Austin suburb.

Summary of transaction details:

  • Property Type: Apartment Community
  • Transaction Amount: Not disclosed
  • Address: 2825 Main St, Buda, TX, 78610
  • Market: Buda
  • Seller's Representative: Kent Myers - Marcus & Millichap
  • Buyer: Brixton Capital

The acquisition was facilitated by Will Balthrope, Jordan Featherston, Kent Myers, and Taylor Hill of Institutional Property Advisors, a division of Marcus & Millichap, who represented the seller, Dallas-based developer SWBC. Brixton Capital was self-represented in the transaction and plans to implement minor upgrades to unit interiors.

On the Map

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MultiFamily

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Players

Kent Myers

Marcus & Millichap

Broker

$19M

vol

13 deals

Broker
Brixton Capital
Brixton CapitalBuyer
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Buda 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

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