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9024 Northgate Boulevard

Mitchell Voss Of WindMass Capital Acquires Multifamily Asset From Alan Stalcup In Austin
SOLDMultiFamily

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

Chibuzor Nnaji

Global Real Estate Advisors (GREA)

Broker

9 deals

Broker

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