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218 South Lamar Boulevard, ...

MSD Partners Provides $124M Loan For Mixed-Use Property In Austin
FINANCEDOffice

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

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.

Players

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

268 deals

Broker
MSD Partners
MSD PartnersLender

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