Austin Real Estate Acquisitions, LLC Acquires Office Property In Austin For $108M
1000 Red River Street, Austin, Texas 78751, United States
$108,000,000
Building Size
—
Asset Type
Office
Closing
Oct 5, 2022
About this deal
AI
An office property spanning 3.8 acres located at 1000 Red River Street in Austin has been sold for $108,000,000. The transaction took place on 10/06/2022 and the seller was The Teacher Retirement System. The buyer of the property is Austin Real Estate Acquisitions, LLC.
Summary of transation details
- Property Type: Office
- Transaction Amount: $108,000,000
- Address: 1000 Red River Street
- Market: Austin
- Asset Type: Office
- Acres: 3.8
Notable parties involved in the deal include Austin Real Estate Acquisitions, LLC as the buyer and The Teacher Retirement System as the seller.
On the Map
$108,000,000
Office
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Players
Austin Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93