Steve Shokouhi Acquires Multifamily Property In Austin For $19M

The multifamily property located at 500 East Highland Mall Boulevard in Austin has been sold. The transaction took place on 07/12/2022. The property consists of 96 units with a total square footage of 61,910. The sale price for this transaction was $19,000,000, resulting in a per unit price of $197,917 and a price per square foot of $307.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,000,000
• Units: 96
• Price Per Unit: $197,917
• Square Footage: 61,910
• Price Per Square Foot: $307
• Buyer: Steve Shokouhi
• Seller: Andrew Perkinson
• Brokers: Kent Myers & James Latimer - Institutional Property Advisors - Marcus & Millichap

The buyer in this transaction was Steve Shokouhi. The seller of the property was Andrew Perkinson. The deal was facilitated by Kent Myers and James Latimer from Institutional Property Advisors, who represented the buyer and seller in the transaction.