PRP Real Estate Investment Management Acquires Office Property In Parmer, Austin With Buyer's Rep Paul Dougherty & Seller's Rep David Cohen
13011 McCallen Pass, Austin, TX 78753
Building Size
300,000 SF
Asset Type
Office
Closing
Feb 18, 1920
About this deal
AI
The property involved in this transaction was an office located at 13011 McCallen Pass in Austin's Parmer market. The sale took place on February 19, 2020.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $483,330
- Square Footage: 300,000
- Buyer: PRP Real Estate Investment Management - Paul Dougherty
- Seller: Karlin Real Estate - David Cohen
The buyer in this transaction was Paul Dougherty from PRP Real Estate Investment Management, while the seller was David Cohen from Karlin Real Estate.
Traded’s record for 13011 McCallen Pass, Austin, TX 78753 in Austin, Texas covers a office sale. The building is 300,000 square feet, implying about 0 per square foot on the published price. Named participants on the 13011 McCallen Pass, Austin, TX 78753 sale are David Cohen, Paul Dougherty. This page is the Austin, Texas file for the 13011 McCallen Pass, Austin, TX 78753 office sold: pricing, party profiles, and other closed office comps from the same Austin sit in the Market section below. Cite this PRP Real Estate Investment Management Acquires Office Property In Parmer, Austin With Buyer's Rep Paul Dougherty & Seller's Rep David Cohen sale when underwriting similar office product around Austin, Texas.
On the Map
Office
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Austin Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93