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303 Colorado St, Austin, Tx...

Updated Oct 29, 2024

United Properties Relocates To 3,165-sf Office In Colorado Tower, Austin
LEASEDOffice

United Properties Relocates To 3,165-sf Office In Colorado Tower, Austin

303 Colorado St, Austin, Tx 78701, Usa

Building Size

3,165 SF

Asset Type

Office

Closing

Jul 13, 2023

About this deal

AI

United Properties has recently relocated to a new 3,165-square-foot office space on the 15th floor of Colorado Tower in downtown Austin. The property, owned by Cousins Properties, offers a range of amenities including a fitness center and conference facility.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 303 Colorado Street
  • Square Footage: 3,165
  • Market: Austin
  • Landlord: Cousins Properties
  • Tenant: United Properties - Victor Young

This deal was facilitated by Cousins Properties as the landlord and United Properties, represented by Victor Young, as the tenant's representative. The move to Colorado Tower provides United Properties with a new and modern office space to meet their business needs.

Players

CP
Cousins PropertiesLandlord

Texas 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

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