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
About this deal
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.
On the Map
Mixed-use
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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