SOLDMultiFamily
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
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.
Players
Kyle 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93