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7900 San Felipe Boulevard, ...

RockFarmer Acquires 558-Unit Multifamily Property In Austin From Lion Real Estate Group
SOLDMultiFamily

RockFarmer Acquires 558-Unit Multifamily Property In Austin From Lion Real Estate Group

7900 San Felipe Boulevard, Austin, Texas 78729, United States

Building Size

Asset Type

MultiFamily

Closing

Apr 24, 2022

AI

Three multifamily properties in Austin have recently been sold in a closed transaction. The properties include 7900 San Felipe Blvd, 12330 Metric Boulevard, and 2201 Willow Creek Dr. This multifamily portfolio comprises a total of 558 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Market: Austin
  • Units: 558

RockFarmer has acquired the properties from Lion Real Estate Group. The transaction was facilitated by the brokers, Jim Young and Chase Easley, from Newmark.

Players

James Young

Newmark

Broker

8 deals

Broker
LG
Lion Real Estate GroupSeller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93