facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

8624 Fireside Drive

Mosch Capital Acquires 32-Unit Multifamily Property On Fireside Drive In Austin
SOLDMultiFamily

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

Chase Gardner

NorthMarq

Broker

$12.9M

vol

4 deals

Broker

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