MSD Partners Provides $124M Loan For Mixed-Use Property In Austin
218 South Lamar Boulevard, Austin, Texas 78704, United States
$124,000,000
$599/SF
Building Size
207,000 SF
Asset Type
Office
Closing
Aug 15, 2022
About this deal
AI
Located at 218 South Lamar Boulevard in Austin, this mixed-use property spans 207,000 square feet and sits on 1.26 acres. The asset type is a mix of commercial and residential spaces.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $124,000,000
- Address: 218 South Lamar Boulevard
- Market: Austin
- Square Footage: 207,000
- Acres: 1.26
The loan for this transaction was provided by MSD Partners. The property is managed by Generational Commercial Properties, with Joseph Llamas as the landlord, in collaboration with Fairway Real Estate. The deal was facilitated by brokers from Newmark, including Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, Chase Tagen, and Dan Morin.
On the Map
$124,000,000
$599/SF
Office
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Players
Austin Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93