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1329 South Congress Avenue

JLL Represents Buyer & Seller In Sale Of Saint Vincent Mixed-Use Asset In Austin
SOLDMixed-use

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:

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

Erin Lazarus

JLL

Broker

$565M

vol

23 deals

Broker

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