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.
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
Austin Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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