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1900 Aldrich Street, Austin...

Teacher Retirement System Acquires Mixed-Use Property In Austin From Shorenstein Properties LLC
SOLDMixed-use

Teacher Retirement System Acquires Mixed-Use Property In Austin From Shorenstein Properties LLC

1900 Aldrich Street, Austin, TX 78723

Building Size

800,000 SF

Asset Type

Mixed-use

Closing

Jan 3, 2022

AI

The mixed-use property located at 1900 Aldrich St in Austin was recently sold in a closed transaction. The property spans across 750 acres and has a total area of 800,000 square feet. The transaction took place on January 3, 2022.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not specified
  • Address: 1900 Aldrich St, Austin
  • Market: Austin
  • Acres: 750
  • Square Footage: 800,000

The buyer in this transaction was the Teacher Retirement System, represented by Brian Guthrie. The seller was Shorenstein Properties LLC, represented by Colby Wick. The deal was facilitated by brokers Troy Holme and Peter Jansen from CBRE.

Players

Peter Jansen

CBRE

Broker

2 deals

Broker
TS
The Teacher Retirement SystemBuyer
SL
Shorenstein Properties LLCSeller

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