JLL Represents Buyer & Seller In Sale Of Saint Vincent Mixed-Use Asset In Austin
1329 South Congress Avenue
Building Size
21,185 SF
Asset Type
Mixed-use
Closing
Jun 24, 2024
AI
Saint Vincent is a mixed-use asset located at 1329-1333 South Congress Avenue in Austin. This property spans 21,185 square feet and is situated in the vibrant South Congress District of Austin.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 1329-1333 South Congress Avenue
- Market: Austin
- Asset Type: Mixed-use
- Square Footage: 21,185
- Brokers: Ben Pollack, Chris Gerard, Erin Lazarus, Megan Babovec, Ryan West & Shea Petrick - JLL
JLL Capital Markets facilitated the sale of Saint Vincent, representing the seller in the transaction and securing the buyer. The diverse tenant roster of this property includes retail brands like King Ranch Saddle Shop and Madewell, along with office tenant John Deere. The sale of this fully leased asset highlights its appeal in Austin's vibrant retail market.
Players
Austin Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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