National Veterinary Associates Leases 39000 Square Feet At The Bouldin In Austin Texas
1301 South Lamar Boulevard
Building Size
39,000 SF
Asset Type
Office
Closing
Dec 6, 2024
AI
The property asset involved is an office space located at 1301 South Lamar in Austin. The office spans 39,000 square feet and is part of a mixed-use development known as The Bouldin, which is being developed by Seamless Capital.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1301 South Lamar
- Market: Austin
- Landlord: Joe Warnock - Seamless Capital
- Tenant: National Veterinary Associates (NVA)
- Landlord's Representative: Endeavor Real Estate Group
- Tenant's Representatives: Brian Walker & Daniel Rasmussen - Cushman & Wakefield
The deal marks the relocation of National Veterinary Associates (NVA) headquarters from California. Additionally, The Bouldin will also house apartments, retail spaces, and a Life Time gym, set to open in 2025.
Players
Austin Office Market Snapshot
Boundary boundary · Office · Lease 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