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3400 Ranch Rd 620 S, Austin...

Domain Communities Acquires Multifamily Property In Austin With Sellers SWBC Real Estate
SOLDMultiFamily

Domain Communities Acquires Multifamily Property In Austin With Sellers SWBC Real Estate

3400 Ranch Rd 620 S, Austin, TX, USA

Building Size

1,273 SF

Asset Type

MultiFamily

Closing

Aug 17, 2020

AI

The multifamily property located at 3400 Ranch Rd 620 S in Austin has been sold in a recent transaction. The sale took place on August 17, 2021, and the property consists of 248 units. The property is owned by SWBC Real Estate and was purchased by Domain Communities.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 3400 Ranch Rd 620 S
  • Market: Austin
  • Units: 248

The sale of this multifamily property was facilitated by the brokers Kelly Witherspoon, Justin Cole, Michael Gonzalez, and Adam Sumrall from Berkadia. They represented both the seller, SWBC Real Estate, and the buyer, Domain Communities, in this transaction.

Players

Kelly Witherspoon

Berkadia

Broker

3 deals

Broker
DC
Domain CommunitiesBuyer
SE
SWBC Real EstateSeller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93