BSR REIT Acquires Multifamily Property In Round Rock For $93.8M
SOLD
$93,800,000
Texas
See Similar DealsMultiFamily361,679 SF
Sold 09/24/2021
SOLD
BSR REIT Acquires Multifamily Property In Round Rock For $93.8M
3600 North A.W. Grimes Boulevard, Round Rock, TX 78665, USA
See Similar DealsMultiFamily361,679 SF
Sold 09/24/2021
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$259
Total Square Footage:361,679 SF
Transaction Type:Sale
BSR REIT, represented by John S. Bailey, has acquired a multifamily property in Round Rock. The property, located at 3600 N A.W. Grimes Blvd, was sold by Trinsic Residential Group, represented by Steve Reynolds. The transaction took place on September 24, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $93,800,000
- Units: 356
- Price Per Unit (PPU): $263,483
- Market: Round Rock
The sale of the multifamily property at 3600 N A.W. Grimes Blvd in Round Rock marks an important transaction in the real estate market. BSR REIT, represented by John S. Bailey, acquired the property from Trinsic Residential Group, represented by Steve Reynolds. The sale price for the property was $93,800,000, with a total of 356 units. The price per unit (PPU) for this transaction was approximately $263,483. This deal highlights the ongoing activity and investment potential in the Round Rock market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,002,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$333,251.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$444,659.85
Annual Debt Service$5,335,918.25
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