Mosch Capital Acquires 32-Unit Multifamily Property On Fireside Drive In Austin
8624 Fireside Drive
Building Size
—
Asset Type
MultiFamily
Closing
Oct 23, 2023
AI
Cielo at Azulyk, a 32-unit apartment complex, located at 8624 Fireside Drive in central Austin, has been sold in a recent transaction. The property spans 2.5 acres and is part of the multifamily asset category.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 32
- Acres: 2.5
- Address: 8624 Fireside Drive
- Market: Austin
Mosch Capital, represented by Mark Mosch, acquired Cielo at Azulyk from Zavala Capital Group, with Omar Zavala acting as the seller. The sale of the property was facilitated by Chase Gardner, Diane Sogal, Hayden Schnieders, Jordan Vaughn, Scott LaMontagne, and Will Collier from NorthMarq. Additionally, Noah Villicana from NorthMarq served as the mortgage broker for this transaction.
Please note that NorthMarq arranged the acquisition financing for the sale of Cielo at Azulyk to Mosch Capital.
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