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211 East Alpine Road

M2G Ventures And Evergen Equity Acquire 50,000 Square Foot Mixed-Use Property In Austin
SOLDMixed-use

M2G Ventures And Evergen Equity Acquire 50,000 Square Foot Mixed-Use Property In Austin

211 East Alpine Road

Building Size

50,000 SF

Asset Type

Mixed-use

Closing

Jan 28, 2025

AI

A 50,000-square-foot mixed-use property located at 211 East Alpine Road in Austin has been acquired. This asset includes a combination of industrial, office, and retail spaces. The transaction occurred on January 28, 2025.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not disclosed
  • Address: 211 East Alpine Road
  • Market: Austin
  • Buyer: Susan Miller Gruppi & Jessica Miller Essl - M2G Ventures; Troy Marcus - Evergen Equity

M2G Ventures intends to carry out property upgrades such as landscaping, lighting, storefront enhancements, and public art installations. The facility will be rebranded as ALCO, and CSA Realty Group has been engaged for leasing purposes.

Players

Jessica Miller Essl

M2G Ventures

Buyer

4 deals

Buyer

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