Updated Oct 28, 2024
Juliet Five LLC Acquires Dripping Springs Development Site In Austin For 32 Acres
Dripping Springs, TX, USA
Building Size
—
Asset Type
Development Site
Closing
Sep 1, 2021
About this deal
AI
Juliet Five LLC has acquired a development site in Dripping Springs, Austin. The property spans 32 acres and was purchased from RRWS Inc. The transaction took place on September 1, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: Dripping Springs
- Market: Austin
- Acres: 32
The deal was facilitated by John Baird, Michael Kennedy, and Sullivan Johnson of Avison Young, who represented both the seller, RRWS Inc., and the buyer, Juliet Five LLC.
On the Map
Development Site
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Players
Dripping Springs Development Site Market Snapshot
Boundary boundary · Development Site · 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