FCP®️ And VaultCap Partners Acquire 200-Unit Multifamily Property In Austin From Wes Racht, Bard Hoover & Nick Fluellen Of Marcus & Millichap
7000 Decker Lane, Austin, Texas 78724, United States
Building Size
211,076 SF
Asset Type
MultiFamily
Closing
Jun 12, 2022
AI
A multifamily property consisting of 200 units located at 7000 Decker Lane in Austin, Texas, has been sold. The transaction took place on June 13, 2022. The property was sold to FCP®️ represented by Cole Kellogg and VaultCap Partners represented by Ryan Heddleston. The deal was facilitated by brokers Wes Racht, Bard Hoover, and Nick Fluellen from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: N/A
- Market: Austin
- Units: 200
- Buyer: FCP®️ - Cole Kellogg & VaultCap Partners - Ryan Heddleston
- Brokers: Wes Racht, Bard Hoover & Nick Fluellen - Marcus & Millichap
The property, located at 7000 Decker Lane in Austin, Texas, was sold in a transaction that closed on June 13, 2022. The deal involved the sale of a multifamily property with 200 units. The buyer in the transaction was FCP®️ represented by Cole Kellogg and VaultCap Partners represented by Ryan Heddleston. The sale was facilitated by Wes Racht, Bard Hoover, and Nick Fluellen from Marcus & Millichap.
Players
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