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413 Swenson Farms Blvd Pflu...

Knightvest Capital Acquires Autumn Ranch On Swenson Farms Multifamily Property In Pflugerville For Growth Potential
SOLDMultiFamily

Knightvest Capital Acquires Autumn Ranch On Swenson Farms Multifamily Property In Pflugerville For Growth Potential

413 Swenson Farms Blvd Pflugerville, TX 78660, USA

Building Size

Asset Type

MultiFamily

Closing

Jul 24, 2023

AI

Autumn Ranch on Swenson Farms, a 336-unit multifamily asset located at 413 Swenson Farms Boulevard in Pflugerville, Texas, has been sold. The property spans an expansive area of 16.88 acres in the thriving market of Austin's Silicon Hills. The strategic location offers growth potential and convenient proximity to major employers, enhancing its appeal to residents.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 336
  • Acres: 16.88
  • Address: 413 Swenson Farms Boulevard
  • Market: Pflugerville

The buyer of Autumn Ranch on Swenson Farms is Knightvest Capital, acquiring the multifamily property from the seller, MIG Real Estate. The sale was facilitated by Patton Jones and Andrew Dickson of Newmark, representing the parties involved in the transaction.

Players

Patton Jones

Newmark

Broker

49 deals

Broker
Knightvest Capital
Knightvest CapitalBuyer
MIG Real Estate
MIG Real EstateSeller

Texas 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