Updated Nov 5, 2026
Ward Greenwood Acquires Medical Office At 2116 Hancock Drive In Austin From Emily Schottman
2116 Hancock Drive
Building Size
2,410 SF
Asset Type
Medical Office
Closing
Nov 2, 2026
About this deal
AI
The property asset involved in this transaction is a medical office located at 2116 Hancock Drive in Austin, Texas. The asset has a square footage of 2,410 and was sold as a stabilized, income-producing investment. The property was acquired as part of a 1031 exchange, following an early five-year lease renewal by MyEyeDr, which reflects the tenant’s long-term commitment to the location and provides the buyer with a secure income stream.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Buyer: Ward Greenwood
- Seller: Emily Schottman
- Buyer’s Representative: Patrick Hill - Transwestern
- Seller’s Representative: Nick Owens - Equitable Commercial Realty
Transwestern represented Greenwood Panther Peak Ranch, LLC in the acquisition of the property. The transaction was priced based on a capitalization rate, indicating the buyer's strategic investment approach in securing this asset.
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Medical Office
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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