Class B Value Add $24m
Class B – 1962 Built Value- Add $24,5MM + 1.5% Fee if the buyer assumes the existing $11.5M CMBS loan, 5.19% rate, interest only for another 2 years and with a total of 7 years left. The alternative would be to pay the prepayment penalty of $3M and the sales price would need to be $27,5MM + 1.5% Fee. Parking Type Spaces Surface 758 Covered 150 Important to note that 141 units out of the 300++ are townhomes. This property has a unique unit mix with historically very high occupancies of 96-98%. P&L and Note, major renovations have been completed on 85% of the roofs during the past 2-3 years. Some HVACs and boilers were also switched out in last few years. The property is well maintained but units have not been massively renovated. Nda required Brent Powell 512-537-2646 Dslacquisit...