Lynd Living Acquires Multifamily Property In Austin For $46.6M
SOLD
$46,600,000
Texas
See Similar DealsMultiFamily1,717 SF
Sold 10/28/2021
SOLD
Lynd Living Acquires Multifamily Property In Austin For $46.6M
9725 North Lake Creek Parkway, Austin, TX 78717, USA
See Similar DealsMultiFamily1,717 SF
Sold 10/28/2021
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$27,140
Total Square Footage:1,717 SF
Transaction Type:Sale
The multifamily property located at 9725 N Lake Creek Pkwy in Austin has been sold for a total of $46,600,000. The transaction took place on 10/28/2021, with Lynd Living represented by A. David Lynd as the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $46,600,000
- Address: 9725 N Lake Creek Pkwy
- Market: Austin
- Buyer: Lynd Living - A. David Lynd
A. David Lynd, representing Lynd Living, successfully acquired the property. The multifamily asset consists of 222 units, resulting in a price per unit (PPU) of $209,910.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,485,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$165,559.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$220,907.77
Annual Debt Service$2,650,893.29
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