Updated Dec 20, 2023
DB Capital Management Acquires Austin Multifamily Property On Northgate Blvd
9315 Northgate Boulevard, Austin, TX 78758
Building Size
34,648 SF
Asset Type
MultiFamily
Closing
Dec 16, 2021
About this deal
AI
The multifamily property located at 9315 Northgate Blvd in Austin was recently sold in a closed transaction. The property consists of 112 units, making it a substantial investment opportunity in the Austin market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 9315 Northgate Blvd
- Market: Austin
- Units: 112
The buyer in this transaction is DB Capital Management, represented by Brennen Degner. DB Capital Management recognized the potential of this multifamily property and seized the opportunity to acquire it. This deal highlights the expertise and strategic decision-making of DB Capital Management in the Austin real estate market.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
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