Mitchell Voss Of WindMass Capital Acquires Multifamily Asset From Alan Stalcup In Austin
9024 Northgate Boulevard
Building Size
278,936 SF
Asset Type
MultiFamily
Closing
Dec 23, 2024
AI
The property asset involved in this transaction is a multifamily development located at 9024 Northgate Boulevard, situated in the Austin market. The total square footage of the property is 278,936, and it was sold on December 23, 2024.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 9024 Northgate Boulevard
- Market: Austin
- Square Footage: 278,936
- Buyer: Mitchell Voss - WindMass Capital
- Seller: Alan Stalcup - GVA
- Broker: Chibuzor Nnaji - Global Real Estate Advisors (GREA)
Mitchell Voss represents WindMass Capital in the acquisition, while Alan Stalcup represents GVA in the sale. Chibuzor Nnaji from Global Real Estate Advisors (GREA) acted as the broker facilitating this deal.
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