Abhishek Mathur & William George Purchase Mixed-Use Property In Austin
9707 Anderson Mill Road
Building Size
19,279 SF
Asset Type
Mixed-use
Closing
May 29, 2024
About this deal
AI
The mixed-use property located at 9707 Anderson Mill Road in Austin, with a total area of 19,279 square feet, was recently involved in a transaction.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Sellers: Scott Moreledge & Bruce Wencel
- Buyers: Abhishek Mathur & William George - Excelsior Capital
- Brokers: Sean Anderson & Ryan McCullough - Partners Real Estate
The deal was facilitated by brokers Sean Anderson and Ryan McCullough from Partners Real Estate, representing both the buyers, Abhishek Mathur and William George of Excelsior Capital, and the sellers, Scott Moreledge and Bruce Wencel.
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