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Fred Lewis & Dennis Cisterna Acquire Office Building In Austin For $10.6M

Property Image
SOLD
Nate Stricklen
Logan Reichle
Bradley Bailey
+ 2

Texas

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Office86,910 SF
Sold 12/23/2021
the dealplayerscompscontact
Property Image
SOLD

Fred Lewis & Dennis Cisterna Acquire Office Building In Austin For $10.6M

1200 East Anderson Lane, Austin, TX 78752

See Similar Deals
Office86,910 SF
Sold 12/23/2021
Nate Stricklen
Logan Reichle
Bradley Bailey
+ 2
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:86,910 SF
Transaction Type:Sale

The office property located at 1200 E. Anderson Ln in Austin has been sold in a closed transaction. The property spans 86,910 square feet and was listed for sale at an asking price of $10,593,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $10,593,000
  • Address: 1200 E. Anderson Ln
  • Market: Austin
  • Buyer: Fred Lewis & Dennis Cisterna - Sentinel Net Lease
  • Seller: 1200 Anderson Partners
  • Broker: CBRE
  • Date: 12/23/2021

Sentinel Net Lease, represented by Fred Lewis & Dennis Cisterna, purchased the property, marking their first value-add deal and pushing their total assets under management (AUM) over $200 million.

Players

Bradley Bailey
CBRE
Bradley Bailey
3 deals
BROKER
Logan Reichle
CBRE
Logan Reichle
2 deals
BROKER
Nate Stricklen
CBRE
Nate Stricklen
5 deals
BROKER
Fred Lewis
Fred Lewis
6 deals$105.7M volume
BUYER
Dennis Cisterna
Dennis Cisterna
7 deals$125.5M volume
BUYER

Details

SOLD
IMAGE: Fred Lewis & Dennis Cisterna DATE: 12/23/2021 ADDRESS: 1200 E. Anderson Ln MARKET: Austin ASSET TYPE: Office ~ SF: 86,910 BUYER: Fred Lewis & Dennis Cisterna (@DennisCisterna) - Sentinel Net Lease SELLER: 1200 Anderson Partners BROKER: CBRE (@CBRE) ASKING PRICE: $10,593,000 NOTE FROM BUYER: Sentinel's first value-add deal pushes the firm's total AUM past $200MM.

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