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6300 South Congress Avenue,...

Vista Investment Group Acquires Multifamily Property In Austin With Jonathan Barach As Buyer
SOLDMultiFamily

Vista Investment Group Acquires Multifamily Property In Austin With Jonathan Barach As Buyer

6300 South Congress Avenue, Austin, Texas 78745, United States

Building Size

Asset Type

MultiFamily

Closing

Jun 1, 2022

AI

A multifamily property located at 6300 South Congress Ave in Austin has been sold. The property consists of 122 units. The sale took place on 06/02/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 6300 South Congress Ave
  • Market: Austin
  • Number of Units: 122

The buyer of the property is Vista Investment Group, represented by Jonathan Barach. The brokers involved in the transaction are Will Balthrope, Jordan Featherston, and Kent Myers from IPA.

Players

Jordan Featherston

Institutional Property Advisors

Broker

$350M

vol

11 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Jonathan Barach

Vista Investment Group

Buyer

$8M

vol

2 deals

Buyer

Austin 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93