Bank OZK Provides $300M Construction Loan For 833,000 SF Office Building In Austin
401 West 4th Street, Austin, Texas 78701, United States
$300,000,000
$360/SF
Building Size
833,000 SF
Asset Type
Office
Closing
May 2, 2022
About this deal
AI
The office asset located at 401 W 4th Street in Austin has been involved in a closed transaction. The property spans an area of 833,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $300,000,000
- Market: Austin
The loan for this transaction was provided by Bank OZK. George Gleason, the CEO of Bank OZK, acted as the lender's representative. The landlord in this deal comprises Lincoln Property Company, Phoenix Property Co., and DivcoWest.
The loan type for this transaction is a construction loan, facilitating the development or renovation of the office asset at 401 W 4th Street in Austin.
On the Map
$300,000,000
$360/SF
Office
View full map
Players
Austin Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Lincoln Property Company to view all their deals.
Browse Texas office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93