TIAA Provides $77.3M Loan For Office Property In Austin
2043 South Lamar Boulevard, Austin, Texas 78704, United States
$77,300,000
$462/SF
Building Size
167,130 SF
Asset Type
Office
Closing
Aug 8, 2022
About this deal
AI
2043 S. Lamar Blvd in Austin has been sold in a closed transaction. This office property spans 167,130 square feet and is located in a prime location in the Austin market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $77,300,000
- Loan Amount: $77,300,000
- Loan Terms: variable interest rate loan
TIAA served as the lender for this transaction. The landlord of the property is DivcoWest, represented by Stuart Shiff & Robert Mashaal as their broker representatives.
The office loan at 2043 South Lamar Boulevard, Austin, Texas 78704, United States in Austin, Texas financed for $77.3M in 2022. The building is 167,130 square feet, implying about 462 per square foot on the published price. Named participants on the 2043 South Lamar Boulevard, Austin, Texas 78704, United States loan are Stuart Shiff, Robert Mashaal. This page is the Austin, Texas file for the 2043 South Lamar Boulevard, Austin, Texas 78704, United States office financed: pricing, party profiles, and other closed office comps from the same Austin sit in the Market section below. Filter that Austin office set by closing date to see what else financed near 2043 South Lamar Boulevard, Austin, Texas 78704, United States around 2022. Published consideration for 2043 South Lamar Boulevard, Austin, Texas 78704, United States is $77.3M, dated 2022. Cite this TIAA Provides $77.3M Loan For Office Property In Austin loan when underwriting similar office product around Austin, Texas.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93