ILM Capital LLC Sells Student Housing Property In Austin To Buyer's Rep Ryan Lang & Jack Brett - Newmark
2704 Rio Grande Street, Austin, TX 78705
Building Size
113,788 SF
Asset Type
Other
Closing
Jun 21, 2020
About this deal
AI
ILM Capital LLC has recently sold a student housing property located at 2704 Rio Grande St in Austin. The transaction took place on 06/21/2021, as confirmed by the records.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: Not disclosed
- Address: 2704 Rio Grande St, Austin
- Market: Austin
The property, known for its prime location in Austin, was sold by ILM Capital LLC. Ryan Lang & Jack Brett, brokers from Newmark, represented ILM Capital LLC in the transaction. Further details regarding the transaction, such as the sale price, were not disclosed.
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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