


the offering
The Berkadia Multifamily Investment Sales team is pleased to present Colony Creek, a 48-unit, well-maintained garden-style multifamily community located in North Austin. The property is located on a 1.55-acre site across 6 residential buildings, with a density of 29 units/acre. Situated on Colony Creek Drive just off Research Boulevard (US-183) between Burnet Road and North Lamar Boulevard, Colony Creek offers residents premier connectivity to North Austin’s strongest employment and retail nodes. The Property sits approximately 3 miles from The Domain, Austin’s premier live-work-play district and the anchor of the city’s northern tech corridor. This deep, diversified employment base — anchored by global technology and healthcare employers — underpins durable rental demand for the submarket.
PROPERTY OVERVIEW
Community Amenities
- Sparkling Pool
- Charming Pergola with BBQ Grill Area
- On-Site Laundry Center
- Pet Stations
- High Speed Internet
- On-Site Management
- 24/7 Emergency Maintenance
Apartment Amenities
- Large Private Balconies
- Built-In Bookshelves in Living Rooms
- Mosaic Glass Tile Backsplashes
- Vaulted Ceilings on 2nd Floors*
- Spacious Interior Closets
- Ceramic Tile Bathtub Surrounds
- Upscale Faucets, Fixtures
- Upgraded Appliances*
- Wood Plank Flooring
- Premium Stainless Steel or Trendy Black Appliances
Investment Drivers
Favorable Loan Assumption
Colony Creek is being offered as a Freddie Mac loan assumption, allowing prospective investors to benefit from the favorable interest rate (5.54%) for this deal size and profile.
- Origination Date: July 21st, 2023
- Maturity Date: August 1st, 2033
- Remaining Term: 7 Years | Eighty-Four (84) Months
- Amortization: 30 Years | Three Hundred Sixty (360) Months
- Interest Rate: 5.54%
- Loan Amount: $3,660,000 (AO Sep-26)
Well-Maintained Asset with Minimal Deferred Maintenance
Prior ownership has maintained the property with consistent care, investing in ongoing operational improvements that have kept deferred maintenance to a minimum and positioned the asset for a smooth transition to new ownership.
The community offers a functional, in-demand floor plan mix totaling 48 one-bedroom units averaging 420 SF, with complementary amenities including an on-site laundry center, pool, and a pergola with bbq grill area.
Established North Austin Location with Strong Connectivity and Lifestyle Access
- Colony Creek is located just off Research Boulevard (US-183), one of North Austin’s primary east-west commercial corridors, with immediate secondary access to Burnet Road and North MoPac Expressway. This connectivity places residents within minutes of North Austin’s core employment and retail nodes.
- The Property is a short drive from the Research Boulevard / West Anderson Lane retail corridor, home to Crossroads Shopping Center, Target, Walmart Supercenter, alongside a wide range of grocers and locally owned restaurants. Approximately 3 miles north, residents have access to The Domain, Austin’s premier mixed-use shopping, dining, and entertainment destination, as well as Q2 Stadium, home of Austin FC, and the Rock Rose Avenue dining and nightlife district.
Embedded Runway for Rent Growth
- Current rent-to-income ratio is approximately 18.2%, supported by a median household income of approximately $74,381 within the Property’s 78758 ZIP code.
- This affordability position, combined with North Austin’s deep employment base along the Research Blvd/Burnet Road corridor, supports a defensible runway for rent growth as the submarket continues to absorb new supply.
The Location
Construction & Development
UT Dell Medical Center Expansion (UT Dell Campus for Advanced Research) ~2.3 miles away
- $750 million gift from Michael & Susan Dell Foundation | $5 billion investment combined with UT MD Anderson
- 27-acre medical center site, within a 300+ acre research campus off MoPac and W. Braker Lane
- 300-500 patient bends, including an MD Anderson Cancer Center Central Texas location
- Set to break ground Fall 2026, with the hospital opening 2030
Uptown ATX – Redevelopment of Current IMB Campus ~ 2 miles away
- $3 Billion, 66-acre master-planned mixed-use district
- ~7 million SF of office, residential, retail, and hospitality space
- Includes a new CapMetro Red Line station (Broadmoor Station)
Verde Square – Proposed Mixed-Use Development ~3 miles away —
- 6-acre site along Burnet Road, directly west of Q2 Stadium
- Project currently on hold, with pending plans featuring residential, 500,000 SF of office space, and a hotel
Employment Centers
Colony Creek sits at the doorstep of one of North Austin’s deepest and most diverse employment bases, anchored by technology, corporate, healthcare, and research employers concentrated along the Burnet Road / US-183 / MoPac corridor.
IBM Austin Campus (~1 mile)
- ~6,000 Austin-area employees
- 55+ year presence in North Austin; current campus at 11400 & 11501 Burnet Road
- Among Austin’s largest private employers
The Domain (~3 miles)
- Austin’s premier mixed-use office, retail, and residential district
- Home to major technology and corporate tenants including Amazon (3,000 Employees), Meta (2,000 Employees), Indeed (2,900 Employees), Paypal (500 Employees) (Let’s have photos of these logos)
- Described as Austin’s “second downtown”
St. David’s North Austin Medical Center (~2 miles)
- 465-bed multi-specialty acute care hospital
- Part of St. David’s HealthCare, the third-largest private employer in the Austin area (10,600+ system-wide employees)
- Located at 12221 N. MoPac Expressway
J.J. Pickle Research Campus, University of Texas at Austin (~2 miles)
- UT Austin’s primary applied research campus, housing multiple research units and labs
- 25+ major labs and research centers, including nuclear engineering, structural engineering, applied physics, and process science
Lifestyle & Entertainment
The Domain —
- 137+ shops and restaurants; 1.2 million+ SF of retail (600,000 SF at Domain NORTHSIDE alone)
- Austin’s “second downtown”; anchors include Nordstrom, Apple, CHANEL, Warby Parker, Suitsupply, and RH Gallery, with dining including Culinary Dropout, Ema, Flower Child, and Haywire
The Arboretum –
- 40+ shops and restaurants; 200,000+ SF of retail
- Notable tenants include Barnes & Noble, Restoration Hardware, California Pizza Kitchen, Cheesecake Factory
Q2 Stadium —
- Home of Austin FC (MLS); anchors the Rock Rose Ave dining and nightlife district adjacent to The Domain
- $260 Million Investment with a seating capacity of 20,738.
- Opened in June 2021
Walnut Creek Metropolitan Park —
- 293-acre park along Walnut Creek in North Austin
- 10 minute drive from the Property
- 15 miles of hiking and mountain-biking trails; swimming pool, playground, softball fields, and one of Austin’s largest off-leash dog areas
Contact
Investment Sales
Justin Chambers
Director
512.969.6838
[email protected]
Benoit Rochard
Director
512.226.8716
[email protected]
Kelly Witherspoon
Senior Managing Director
512.226.8706
[email protected]
Justin Cole
Managing Director
512.226.8711
[email protected]
Financing
Cameron Hart
Managing Director
512.226.8708
[email protected]
John Romano
Associate Director
512.226.8714
[email protected]

1814 Colony Creek Dr, Austin, TX 78758
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