Beacon Capital Partners Acquires 240,000 SF Office In East Austin From Tishman Speyer
1600 East 4th Street, Austin, Texas 78702, United States
Building Size
240,000 SF
Asset Type
Office
Closing
Aug 25, 2022
AI
Located at 1600 East 4th Street in East Austin, this office building encompasses approximately 240,000 square feet of space. The transaction took place on August 26, 2022.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
Beacon Capital Partners acquired the property from Tishman Speyer, represented by Nooshin Felsenthal. The deal was facilitated by Mike McDonald and Jonathan Napper of Cushman & Wakefield.
Players
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