Updated Oct 29, 2024
BSR REIT Acquires Multifamily Property In Austin For $55M
4700 Cromwell Drive, Kyle, TX 78640
$55,000,000
$91/SF
Building Size
598,340 SF
Asset Type
MultiFamily
Closing
Mar 14, 2020
About this deal
AI
The multifamily property located at 4700 Cromwell Dr. in Austin was recently sold for $55,000,000. The transaction took place on 03/15/20 and was facilitated by John S. Bailey. The property is situated in the Kyle market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $55,000,000
- Address: 4700 Cromwell Dr.
- City: Austin
- Market: Kyle
The buyer of the property was BSR REIT represented by John S. Bailey.
The multifamily sale at 4700 Cromwell Drive, Kyle, TX 78640 in Kyle, Texas sold for $55M in 2020. The building is 598,340 square feet, implying about 91 per square foot on the published price. Named participants on the 4700 Cromwell Drive, Kyle, TX 78640 sale are John S. Bailey. This page is the Kyle, Texas file for the 4700 Cromwell Drive, Kyle, TX 78640 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Kyle sit in the Market section below. Filter that Kyle multifamily set by closing date to see what else sold near 4700 Cromwell Drive, Kyle, TX 78640 around 2020. Published consideration for 4700 Cromwell Drive, Kyle, TX 78640 is $55M, dated 2020. Cite this BSR REIT Acquires Multifamily Property In Austin For $55M sale when underwriting similar multifamily product around Kyle, Texas.
Players
Kyle 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93