8926 N Lamar BLVD
8926 N Lamar BLVD, Austin, TX, 78753
Building Size
—
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is Aubry Hills, a 192-unit apartment complex located at 8926 N. Lamar Blvd. in North Austin, Texas. Built in 1973, the property features units with various floor plans that include balconies and washer/dryer connections. The complex offers amenities such as a pool, outdoor grilling and dining areas, a clubhouse, playground, and sport courts for tennis, basketball, and volleyball.
Summary of transaction details:
- Property Type: Apartment complex
- Transaction Amount: Not disclosed
- Address: 8926 N Lamar Blvd, Austin, TX, 78753
- Market: Austin
- Seller's Representative: Bryan VanCura - NorthMarq
- Buyer: Private Investor
- Seller: Private Investor
The deal was represented by a team from NorthMarq, including Zar Haro, Moses Siller, Scott Lamontagne, Bryan VanCura, and Will Collier, who facilitated the transaction on behalf of the seller, a private investor.
Players
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