Ascension Texas Acquires Office Property In Mueller Market District For $83.8M
1345 Philomena Street, Austin, TX 78723
$83,760,000
$536/SF
Building Size
156,024 SF
Asset Type
Office
Closing
May 18, 2020
About this deal
AI
An office property located at 1345 Philomena St. in Austin's Mueller Market District has been sold. The property, with a total area of 156,024 square feet, was purchased by Ascension Texas from the seller, Black Creek Group, at a price of $83,760,000. This amounts to approximately $536 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $83,760,000
- Address: 1345 Philomena St.
- City: Austin
- Market: Mueller Market District
- Square Footage: 156,024
The buyer, Ascension Texas, acquired this office property from the seller, Black Creek Group. The sale closed on 05/19/20.
On the Map
$83,760,000
$536/SF
Office
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93