Sterling Equities Acquires Multifamily Property In Austin From The Michaels Organization
SOLD
Texas
See Similar DealsMultiFamily
Sold 08/30/2022
SOLD
Sterling Equities Acquires Multifamily Property In Austin From The Michaels Organization
5700 East Riverside Drive, Austin, Texas 78741, United States
See Similar DealsMultiFamily
Sold 08/30/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 5700 E. Riverside Dr. in Austin has been sold in a recent transaction. The property consists of 306 units and was part of a closed sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
The buyer of the property is Sterling Equities, while the seller is The Michaels Organization, represented by Michael Flannagan and Chris Brookshire. The sale was facilitated by brokers Kelly Witherspoon and Michael Gonzalez from Berkadia.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
Is there something missing? Send suggestions
