720 Airport Blvd, Austin, TX 78702 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2020Total Assessed Value $72,600,000County Travis

Property Details

The Apartments property 720 Airport Blvd, Austin, TX 78702 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $72,600,000.

The gross building area is 270,688 square feet and the land area is 364,728 square feet for this Apartment High Rise (5+ stories) built in 2020.

Legal description: Lot 2 Midtown Industrial Subd No 1 & Lot A Airport One

$72,600,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,694

Avg Rent

Property Image of 720 Airport Blvd, Austin, TX 78702, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area270,688

Land Size364,728

Land Value$32,825,430

Improved Value$39,774,570

Total Assessed Value$72,600,000

Year Built2020

County NameTravis

Account Number190128

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Roof CoverComposition shingle

Type ConstructionOther

No of Stories1

Garage TypeCovered Parking/Carport

Bedrooms8

Bathrooms9

PatioAvailable

Access Gates1

Business Center1

Walk-in Closets1

Number of Units352

Sales History

11/1/2021

Arms-length$107,000,000

Buyer

Tmp Airport Blvd Project Llc

Seller

720 Airport Partners Llc

Book Number

2021.257848

Recording Date

11/1/2021

Transaction Details

Tmp Airport Blvd Project Llc acquired the property from 720 Airport Partners Llc through a Arms-length transaction on 11/1/2021 for $107,000,000.

11/30/2017

Arms-lengthNot Disclosed

Buyer

Speicwood Invemsntes Ltd

Seller

Airport Business Park A Texas

Book Number

2017.189454

Recording Date

11/30/2017

Transaction Details

Speicwood Invemsntes Ltd acquired the property from Airport Business Park A Texas through a Arms-length transaction on 11/30/2017 for .

9/30/1993

Arms-lengthNot Disclosed

Buyer

Airport Business Park

Seller

Team Bank N A

Book Number

12035/1666

Recording Date

9/30/1993

Transaction Details

Airport Business Park acquired the property from Team Bank N A through a Arms-length transaction on 9/30/1993 for .

11/7/1989

ForeclosureNot Disclosed

Buyer

Team Bank N A

Seller

Midtown Industrial Ltd

Book Number

11060/126

Recording Date

11/7/1989

Transaction Details

Team Bank N A acquired the property from Midtown Industrial Ltd through a Foreclosure transaction on 11/7/1989 for .

Property constructed in 2020

YSale Price (USD) byXSales Year

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Mortgage History

11/22/2021

Sale$69,500,000

Borrower

Tmp Airport Blvd Project Llc

Lender

Athene Annuity And Life Company

Book Number

2021257849

Recording Date

11/22/2021

Transaction Details

Tmp Airport Blvd Project Llc borrowed the property from Athene Annuity And Life Company through a transaction on 11/22/2021 for $69,500,000.

5/17/2006

Arms length residential transactions purchase or resales$125,000

Borrower

Airport Business Park

Lender

Sovereign Bank Na

Book Number

2006103661

Recording Date

5/17/2006

Transaction Details

Airport Business Park borrowed the property from Sovereign Bank Na through a Arms length residential transactions purchase or resales transaction on 5/17/2006 for $125,000.

Property constructed in 2020

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$32,825,430	$36,144,037	$68,969,467	$68,969,467	Tmp Airport Blvd Pro...	745 5th Ave Ste 1406	Lot 2 Midtown Indust...	EC	S08969	364,727	270,688
2025	$32,825,430	$39,774,570	$72,600,000	$72,600,000	Tmp Airport Blvd Pro...	745 5th Ave Ste 1406	Lot 2 Midtown Indust...	EC	S08969	364,728	270,688
2024	$32,825,430	$52,474,570	$85,300,000	$85,300,000	Tmp Airport Blvd Pro...	745 5th Ave Ste 1406	Lot 2 Midtown Indust...	EC	S08969	364,728	270,688
2023	$32,825,430	$74,174,570	$107,000,000	$107,000,000	Tmp Airport Blvd Pro...	2000 S Colorado Blvd...	Lot 2 Midtown Indust...	EC	S08969	364,728	270,688
2022	$10,941,810	$79,058,190	$90,000,000	$90,000,000	Tmp Airport Blvd Pro...	2000 S Colorado Blvd...	Lot 2 Midtown Indust...	EC	S08969	364,728	541,376
2021	$9,118,175	$41,757,408	$50,875,583	$50,875,583	Spicewood Investment...	Abp Interests Ltd, 7...	Lot 2 Midtown Indust...	08EC	S08969	263,930	277,200
2020	$9,118,175	$6,747,840	$15,866,015	$15,866,015	Spicewood Investment...	Abp Interests Ltd, 7...	Lot 2 Midtown Indust...	08EC	S08969	364,728	316,800
2019	$6,200,359	$87,721	$6,288,080	$6,288,080	Spicewood Investment...	Abp Interests Ltd, 7...	Lot 2 Midtown Indust...	97MHP	S08969	364,728	2,280
2018	$6,200,359	$85,187	$6,285,546	$6,285,546	Spicewood Investment...	Abp Interests Ltd, 7...	Lot 2 Midtown Indust...	97MHP	S08969	364,728	2,280
2017	$5,835,632	$84,412	$5,920,044	$5,920,044	Airport Business Par...	Attn Doug Hodge, 791...	Lot 2 Midtown Indust...	0MHPK	S08969	364,728	2,280

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
720 Airport Blvd, Austin, TX 78702	190128	Apartments	Apartment High Rise (5+ stories)	Tmp Airport Blvd Project Llc	Travis	-	$ 107,000,000	2021-11-01	$ 395.29	2020	270,688	352
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	2.3	$ 40,299,000	2024-06-28	$ 165.30	1997	243,796	252
5800 Techni Center Dr, Austin, TX 78721	783949	Apartments	Apartment High Rise (5+ stories)	Post Fort Branch Lp	Travis	2.4	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.3	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
5453 Burnet Rd, Austin, TX 78756	229557	Apartments	Apartment High Rise (5+ stories)	Us Reif Burnet Flats Apts Texas Llc	Travis	6.0	$ 27,930,000	2025-09-09	$ 196.20	2013	142,352	179
810 W St Johns Ave, Austin, TX 78752	760829	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	6.2	$ 135,907,380	2025-02-12	$ 571.99	2008	237,603	562
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	5.3	$ 68,960,500	2025-06-04	$ 292.86	2021	235,476	279
8640 8700 Shoal Creek Blvd, Austin, TX 78757	251469	Apartments	Apartment High Rise (5+ stories)	Oht Shoal Creek Lp	Travis	8.7	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
12601 Innovar Cir, Manor, TX 78653	944124	Apartments	Apartment High Rise (5+ stories)	Janis Atx Llc	Travis	9.5	$ 129,643,500	2024-12-20	$ 495.59	2024	261,594	1
420 W Slaughter Ln, Austin, TX 78748	513069	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	8.4	$ 72,483,670	2024-08-26	$ 235.82	2006	307,374	308
6607 Brodie Ln, Austin, TX 78748	511568	Apartments	Apartment High Rise (5+ stories)	6607 Brodie Lane Owner Llc	Travis	8.3	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	720 Airport Blvd, Austin, TX 78702	—	-	364,728	2020	270,688	$ 72,600,000	$ 32,825,430	-
Acre Originator Llc	4617 Tannehill Ln, Austin, TX 78721	09/11/2025	$ 47,500,000	540,580	2022	250,800	$ 81,000,000	$ 10,811,592
Readycap Commercial Llc	2515 Manor Rd, Austin, TX 78722	08/29/2025	$ 2,766,000	38,568	1985	26,109	$ 7,049,430	$ 3,085,285	F & B 2515 Manor Rd Llc
First United Bk&tr Company	2209 Woodland Ave, Austin, TX 78704	06/06/2025	$ 355,000	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
First United Bank & Trust Co	2209 Woodland Ave, Austin, TX 78704	05/30/2025	$ 470,250	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
Protective Life Insurance Co	1900 Burton Dr, Austin, TX 78741	05/30/2025	$ 5,650,000	207,302	1972	98,546	$ 13,505,824	$ 4,146,000	Flats On Burton Llc
Walker & Dunlop Llc	1500 E Riverside Dr, Austin, TX 78741	04/29/2025	$ 13,000,000	337,869	1963	144,018	$ 32,290,000	$ 32,290,000	Park Place Associates Limited
Arixa Institutional Lndg Ptrs	2209 Woodland Ave, Austin, TX 78704	04/14/2025	$ 14,000,000	70,132	2024	66,406	$ 10,249,234	$ 1,402,632
Logan Finance Corporation	84 N Interstate Hy 35, Austin, TX 78701	02/12/2025	$ 615,000	17,651	2023	276,900	$ 109,508,744	$ 8,825,255
Walker & Dunlop Llc	1616 Royal Crest Dr, Austin, TX 78741	12/17/2024	$ 8,185,000	211,671	1968	84,230	$ 11,436,140	$ 4,233,400
Sound Capital Construction Fun	5107 E Riverside Dr, Austin, TX 78741	11/06/2024	$ 3,948,000	114,502	2024	60,204	$ 2,735,391	$ 1,468,488	5107 Riverside Lp

Mean$ 31,814,370

Median$ 4,453,000.0

Loan Amount Range$ 95,105 - $ 525,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
720 AIRPORT BLVD, AUSTIN, TX 78702-4107	MID TOWN RV PARK	5123852885	LAUNDRIES-SELF SERVICE
720 AIRPORT BLVD, AUSTIN, TX 78702-4107	MID TOWN RV PARK	5123852885	CAMPGROUNDS

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License Details

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