12000 S Interstate Hy 35, Austin, TX 78748 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2020Total Assessed Value $85,090,000County Travis

Property Details

The Apartments property 12000 S Interstate Hy 35, Austin, TX 78748 is located in Travis County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $85,090,000.

The gross building area is 408,828 square feet and the land area is 1,895,644 square feet for this Apartment High Rise (5+ stories) built in 2020.

Legal description: Abs 24 Delvalle S Acr 43.518

$85,090,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$1,948

Avg Rent

Property Image of 12000 S Interstate Hy 35, Austin, TX 78748, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area408,828

Land Size1,895,644

Land Value$18,956,441

Improved Value$66,133,559

Total Assessed Value$85,090,000

Year Built2020

County NameTravis

Account Number351956

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

PoolSwimming Pools

Type ConstructionOther

No of Stories1

Garage TypeDetached Garages

Bedrooms26

Bathrooms26

PatioAvailable

Access Gates1

Business Center1

Emergency Maintenance1

Steel Appliances1

10ft Ceilings1

Number of Units434

Elevator

Sales History

9/1/2021

Arms-length$100,750,000

Buyer

Bvf V Onion Creek Llc

Seller

Wria 20177 Lp

Book Number

2021217347

Recording Date

9/1/2021

Transaction Details

Bvf V Onion Creek Llc acquired the property from Wria 20177 Lp through a Arms-length transaction on 9/1/2021 for $100,750,000.

Property constructed in 2020

YSale Price (USD) byXSales Year

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Mortgage History

9/28/2021

Helocs both purchase money and non purchase money helocs$67,437,500

Borrower

Bvf V Onion Creek Llc

Lender

Jll Real Estate Capital Llc

Book Number

2021217348

Recording Date

9/28/2021

Transaction Details

Bvf V Onion Creek Llc borrowed the property from Jll Real Estate Capital Llc through a Helocs both purchase money and non purchase money helocs transaction on 9/28/2021 for $67,437,500.

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	$18,956,441	$58,824,089	$77,780,530	$77,780,530	Bvfv Onion Creek Llc	14001 Dallas Pkwy St...	Abs 24 Delvalle S Ac...	SC3	A0024	1,895,644	408,828
2025	$18,956,441	$66,133,559	$85,090,000	$85,090,000	Bvfv Onion Creek Llc	14001 Dallas Pkwy St...	Abs 24 Delvalle S Ac...	SOU	A0024	1,895,644	408,828
2024	$18,956,441	$73,817,744	$92,774,185	$92,774,185	Bvfv Onion Creek Llc	14001 Dallas Pkwy St...	Abs 24 Delvalle S Ac...	SOU	A0024	1,895,644	408,828
2023	$18,956,441	$91,043,559	$110,000,000	$110,000,000	Bvf-v Onion Creek Ll...	14001 Dallas Pkwy St...	Abs 24 Delvalle S Ac...	SOU	A0024	1,895,644	408,828
2022	$3,791,288	$102,838,712	$106,630,000	$106,630,000	Wria 2017-7 Lp	C/o Altus Group, Po ...	Abs 24 Delvalle S Ac...	SC3	A0024	1,895,644	817,656
2021	$3,791,288	$32,160,046	$35,951,334	$35,951,334	Wria 2017-7 Lp	Ste 800 2505 N State...	Abs 24 Delvalle S Ac...	08SC3	A0024	1,285,804	408,828
2020	$3,791,288	$1,667,400	$5,458,688	$5,458,688	Wria 2017-7 Lp	2505 N State Highway...	Abs 24 Delvalle S Ac...	08SC3	A0024	1,895,644	200,000
2019	$3,791,288	$8,000	$3,799,288	$3,799,288	Wria 2017-7 Lp	2505 N State Highway...	Abs 24 Delvalle S Ac...	1SO3	A0024	1,895,644	-
2018	$3,791,288	$8,000	$186,258	$3,799,288	Wria 2017-7 Lp	2505 N State Highway...	Abs 24 Delvalle S Ac...	1SO3	A0024	1,895,644	-
2017	$3,791,288	$8,000	$3,799,288	$3,799,288	Travis Mizpah Ltd	11922 S Interstate 3...	Abs 24 Delvalle S Ac...	1SO3	A0024	1,895,644	-

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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 ↕
12000 S Interstate Hy 35, Austin, TX 78748	351956	Apartments	Apartment High Rise (5+ stories)	Bvfv Onion Creek Llc	Travis	-	$ 100,750,000	2021-09-01	$ 246.44	2020	408,828	434
1215 W Slaughter Ln, Austin, TX 78748	532875	Apartments	Apartment High Rise (5+ stories)	Domain Iron Rock Apartments Llc	Travis	2.9	$ 70,759,990	2025-07-17	$ 223.52	2001	316,572	300
420 W Slaughter Ln, Austin, TX 78748	513069	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	2.9	$ 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	6.1	$ 48,622,140	2024-06-17	$ 183.05	1996	265,628	291
4501 E Riverside Dr, Austin, TX 78741	445755	Apartments	Apartment High Rise (5+ stories)	Post Riverside Country Club Lp	Travis	8.4	$ 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	13.0	$ 34,384,490	2024-06-27	$ 143.05	2001	240,364	2
5629 N Lamar Blvd, Austin, TX 78751	228900	Apartments	Apartment High Rise (5+ stories)	Bg 20 North Lamar Property Owner Llc	Travis	14.2	$ 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	17.2	$ 4,522,000	2024-08-22	$ 15.75	2024	287,120	-
3201 Esperanza Xing, Austin, TX 78758	753265	Apartments	Apartment High Rise (5+ stories)	Gateway Mckenzie Inc	Travis	19.2	$ 83,651,680	2025-08-19	$ 352.37	2013	237,395	279
7200 Easy Wind Dr, Austin, TX 78752	760837	Apartments	Apartment High Rise (5+ stories)	Housing Authority Of The	Travis	15.4	$ 135,907,380	2025-02-12	$ 718.09	2013	189,263	562
12100 Metric Blvd, Austin, TX 78758	262633	Apartments	Apartment High Rise (5+ stories)	Austin Housing Finance Corporation	Travis	19.9	$ 66,566,500	2024-11-25	$ 194.76	1997	341,789	384

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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 ↕
—	12000 S Interstate Hy 35, Austin, TX 78748	—	-	1,895,644	2020	408,828	$ 85,090,000	$ 18,956,441	-
Mercy Community Capital	2101 Davis Ln, Austin, TX 78745	06/23/2025	$ 1,047,813	267,894	1999	44,168	$ 3,510,000	$ 1,071,576	Cobblestone Senior Housing Lim
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
Southern Bancorp Bank	711 Eberhart Ln, Austin, TX 78745	05/21/2025	$ 3,465,370	71,735	1972	14,432	$ 3,535,840	$ 1,434,680	Svag Amazon Llc
Guardian Life Insurance Coame	11301 Farrah Ln, Austin, TX 78748	05/06/2025	$ 30,000,000	613,020	2013	243,351	$ 54,549,436	$ 12,260,398	Mfrevf Iiidouble Creek Lp
Berkadia Commercial Mtg Llc	5112 S 1 St, Austin, TX 78745	04/30/2025	$ 7,100,000	193,054	1982	66,764	$ 14,200,000	$ 2,895,780	Terrain Apartments Llc
Bellco Credit Union	1704 Nelms Dr, Austin, TX 78744	03/06/2025	$ 22,000,000	647,689	1996	287,740	$ 50,137,900	$ 1,943,067
Rga Reinsurance Co	122 Sheraton Ave, Austin, TX 78745	02/28/2025	$ 37,950,000	146,405	2022	210,375	$ 71,597,625	$ 4,392,155
Foundation Communities Inc	2105 Parker Ln, Austin, TX 78741	12/30/2024	$ 50,000	340,639	2024	129,310	$ 1,389,564	$ 3,406,390	-
Texas Department Of Housing An	2105 Parker Ln, Austin, TX 78741	12/30/2024	$ 50,000	340,639	2024	129,310	$ 1,389,564	$ 3,406,390
Teachers Insurance&annuity Ass	7301 S Ih 35, Austin, TX 78752	12/20/2024	$ 30,150,000	588,970	2024	223,575	$ 57,370,811	$ 8,834,543

Mean$ 20,962,252

Median$ 17,072,000.0

Loan Amount Range$ 50,000 - $ 60,000,000

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License Details

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