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
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.
Austin Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
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