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3440 Ranch Trails, Cedar Pa...

Updated Oct 29, 2024

Bilt advertisement
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...

Units

337

Asset Type

MultiFamily

Closing

Nov 20, 2023

About this deal

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

7 deals

Broker
TerraCap Management
TerraCap ManagementBuyer

Cedar Park 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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