facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Other

/

Sale

/

2704 Rio Grande Street, Aus...

ILM Capital LLC Sells Student Housing Property In Austin To Buyer's Rep Ryan Lang & Jack Brett - Newmark
SOLDOther

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.

Players

Ryan Lang

Newmark

Broker

$182.9M

vol

10 deals

Broker

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