Updated Oct 28, 2024
Zion Capital Acquires Austin Multifamily Portfolio For $43.7M
5800 Wellington Drive, Austin, Texas 78723, United States
$43,700,000
Units
325
Asset Type
MultiFamily
Closing
Aug 8, 2022
About this deal
AI
The multifamily properties located at 5800 Wellington Dr, 6301 Berkman Dr, 6103 Manor Rd, 4520 Bennett Ave, and 918 E 40th Street in Austin have been sold for a total price of $43,700,000. The transaction took place on 08/09/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $43,700,000
- Units: 325
- Price Per Unit (PPU): $134,462
Zion Capital acquired the properties. Chase Johnson, representing Northmarq, served as the mortgage broker for the transaction.
The multifamily sale at 5800 Wellington Drive, Austin, Texas 78723, United States in Austin, Texas sold for $43.7M in 2022. Reported inventory is 325 units across 325 units. Chase Johnson, NorthMarq, Cushman & Wakefield appear on the sale alongside NorthMarq, Cushman & Wakefield. This page is the Austin, Texas file for the 5800 Wellington Drive, Austin, Texas 78723, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Austin sit in the Market section below. Filter that Austin multifamily set by closing date to see what else sold near 5800 Wellington Drive, Austin, Texas 78723, United States around 2022. Published consideration for 5800 Wellington Drive, Austin, Texas 78723, United States is $43.7M, dated 2022. Cite this Zion Capital Acquires Austin Multifamily Portfolio For $43.7M sale when underwriting similar multifamily product around Austin, Texas.
Players
Austin 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93