Updated Dec 21, 2023
Korman Communities & Verde Capital Acquire 226-Unit Multifamily Property In Austin
7400 North Lamar Boulevard, Austin, TX 78752
Building Size
203,400 SF
Asset Type
MultiFamily
Closing
Aug 10, 2020
About this deal
AI
The multifamily property located at 7400 N Lamar Blvd in Austin has been sold. The transaction took place on 08/10/2021 and involved a total of 226 units. The sale was captured in a photo by Jacob E. Reiter.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 7400 N Lamar Blvd, Austin
- Market: Austin
- Units: 226
The buyer in this transaction was Korman Communities in collaboration with Verde Capital, represented by Jacob E. Reiter.
Traded’s record for 7400 North Lamar Boulevard, Austin, TX 78752 in Austin, Texas covers a multifamily sale from 2020. Reported inventory is 203,400 square feet across 224 units, or about 0 per square foot. This page is the Austin, Texas file for the 7400 North Lamar Boulevard, Austin, TX 78752 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 7400 North Lamar Boulevard, Austin, TX 78752 around 2020. Cite this Korman Communities & Verde Capital Acquire 226-Unit Multifamily Property In Austin sale when underwriting similar multifamily product around Austin, Texas.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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