BUDA - Silverado Crossing, a 300-unit multifamily property, has been purchased by Meagher Family Trust from Encinitis, Calif. Constructed in 2013 for $23 million, the complex is located at 1480 Cabelas Dr. Occupancy at the time of sale was 73 percent.
The community includes one-, two- and three-bedroom units averaging 852 sf each, plus amenities including a swimming pool, fitness center, movie theater and sand volleyball court.
JCI Residential was the seller.
Read more at the Austin Business Journal and Texas Real Estate Business.
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