Berkadia Negotiates Sale of Multifamily Property in Austin

AUSTIN, TEXAS — Berkadia has negotiated the sale of Villas del Sol Apartments, a multifamily property located in Austin. Forrest Bass and George Deuillet of Berkadia’s Austin office completed the sale. Austin-based ACA Villa del Sol LLC was the buyer, and San Diego-based LLJ Quez Rutland Place LLC was the seller. Built in two phases during 1978 and 1982, Villas del Sol Apartments is located at 1647 and 1711 Rutland Drive. The 294-unit property consists of studio, one- and two-bedroom floor plans and is 96 percent occupied. Unit amenities include fully equipped kitchens, walk-in pantries, faux-wood vinyl flooring, built-in desks and bookshelves, ceiling fans, walk-in closets, linen closets and patios or balconies. Select units also include fireplaces and vaulted ceilings. Community amenities include a swimming pool, clubhouse, fitness center, business center, playground, picnic areas with barbeque grills, two laundry facilities and a dog park. Accessible from U.S. Highway 183 and I-35, Villas del Sol Apartments is less than three miles from The Arboretum shopping center and less than two miles from The Domain shopping center.