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
Texas Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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