Comunidad Partners Acquires 200-Unit Multifamily Property In Austin
9601 Middle Fiskville Road, Austin, TX 78753, USA
Building Size
181,770 SF
Asset Type
MultiFamily
Closing
Oct 1, 2021
AI
Comunidad Partners, led by Horacio Villarreal, has acquired a multifamily property located at 9601 Middle Fiskville Rd in Austin. The transaction, which took place on October 1, 2021, involved the purchase of a 200-unit complex.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 9601 Middle Fiskville Rd
- Market: Austin
- Buyer: Comunidad Partners - Horacio Villarreal
- Seller: One Real Estate Investment - Jeronimo Hirschfeld
- Brokers: John Carr & Ben Fuller - Cushman & Wakefield
The seller, One Real Estate Investment, was represented by Jeronimo Hirschfeld. The buyer, Comunidad Partners, was represented by Horacio Villarreal. The deal was facilitated by the brokers John Carr and Ben Fuller from Cushman & Wakefield.
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