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2825 Hancock Drive

Updated Oct 2, 2026

Ivy Asset Management And 35 South Capital Acquire Commercial Property In Austin For $4.5M
SOLDCommercial

Ivy Asset Management And 35 South Capital Acquire Commercial Property In Austin For $4.5M

2825 Hancock Drive

Building Size

19,707 SF

Asset Type

Commercial

Closing

Aug 28, 2026

About this deal

AI

The property involved in the transaction is a commercial asset located at 2825 Hancock Drive in Austin. The total square footage of the property is 19,707. The asset was sold by Lantern Lance Center, Ltd.

Summary of transaction details:

The transaction was completed with Ivy Asset Management and 35 South Capital, represented by John Morton, CEO, working together in the purchase of the property. Patrick Hill of Transwestern acted as the broker in this transaction.

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Players

Patrick Hill

Colliers

Broker

3 deals

Broker
John Morton

John Morton

35 South Capital

Buyer

2 deals

Buyer
LL
Lantern Lance Center, LtdSeller
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Austin Commercial Market Snapshot

Boundary boundary · Commercial · 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

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