facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

3440 Ranch Trails, Cedar Pa...

TerraCap Management Acquires MultiFamily Property In Cedar Park, TX For Walker & Dunlop
SOLDMultiFamily

TerraCap Management Acquires MultiFamily Property In Cedar Park, TX For Walker & Dunlop

3440 Ranch Trails, Cedar Park, TX, 78...

Building Size

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

The property involved in this transaction is Latitude at Presidio, a 337-unit apartment community located at 3440 Ranch Trails, Cedar Park, TX, within the Cedar Park market. The apartment complex includes one-, two- and three-bedroom units, with an average size of 959 square feet. The property is equipped with various amenities, such as a pool, game room, outdoor grilling and dining stations, fitness center, coffee bar, and a dog park.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: Not Disclosed
  • Address: 3440 Ranch Trails, Cedar Park, TX
  • Market: Cedar Park
  • Seller's Representative: Matt Pohl-Walker & Dunlop
  • Buyer: TerraCap Management

Matt Pohl and Kevin Dufour from Walker & Dunlop represented the undisclosed seller in this transaction, facilitating the acquisition by the Florida-based investment firm TerraCap Management.

Players

Matt Pohl

Walker & Dunlop

Broker

$46.7M

vol

6 deals

Broker
TerraCap Management
TerraCap ManagementBuyer

Cedar Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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