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State Highway 30 & E. Pecan...

LIV Development Acquires 30 Acres Of Land In Austin From Pecan Ventures LLC
SOLD

LIV Development Acquires 30 Acres Of Land In Austin From Pecan Ventures LLC

State Highway 30 & E. Pecan St.

Building Size

Asset Type

Closing

Jan 11, 2022

AI

A 30-acre land located at State Highway 30 and E. Pecan St. in Austin has been sold in a recent transaction. The sale took place on January 11, 2022.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: Not specified
  • Address: State Highway 30 and E. Pecan St., Austin
  • Market: Austin
  • Acres: 30

The property was acquired by LIV Development, represented by Andrew Murray. The seller of the land was Pecan Ventures LLC. The transaction was facilitated by Ben Fuller and John Carr, who represented the seller as part of Cushman & Wakefield.

Players

John Carr

Cushman & Wakefield

Broker

9 deals

Broker

Andrew C Murray

LIV Development

Buyer

$3.8M

vol

3 deals

Buyer

Austin CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93