Updated Oct 2, 2026
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:
- Property Type: Commercial
- Transaction Amount: Not disclosed
- Address: 2825 Hancock Drive
- Market: Austin
- Buyer: Roger Plourde & Kevin Tiseo - Ivy Asset Management, Inc.; John Morton, CEO - 35 South Capital
- Seller: Lantern Lance Center, Ltd
- Broker: Patrick Hill - Transwestern
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.
On the Map
Commercial
View full map
Players
Austin Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Browse Austin commercial sales on Traded.
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