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1501 East 4th Street, Austi...

Tishman Speyer Acquires Office Building In Austin For 240,000 SF
SOLDOffice

Tishman Speyer Acquires Office Building In Austin For 240,000 SF

1501 East 4th Street, Austin, TX, USA

Building Size

240,000 SF

Asset Type

Office

Closing

Feb 3, 2021

AI

The office property located at 1501 E 4th Street and 1600 E 4th Street in Austin has been sold. The transaction took place on February 4, 2021. The property spans 240,000 square feet and is situated in the Austin market. No additional details are available about the property.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A

The buyer of the property is Tishman Speyer, represented by Rob Speyer. The brokers involved in the deal are Mike McDonald and Katy Jane Jenevein from Cushman & Wakefield.

There is no information available about the transaction amount or other key details of the deal.

Players

Katy Jane Jenevein

Broker

1 deal

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Rob Speyer

Rob Speyer

Tishman Speyer

Buyer

$4B

vol

37 deals

Buyer

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