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
About this deal
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.
Traded’s record for 1600 East 4th Street, Austin, Texas 78702, United States in Austin, Texas covers a office sale from 2022. The building is 240,000 square feet, implying about 0 per square foot on the published price. Jonathan Napper, Mike McDonald, Nooshin Felsenthal, Cushman & Wakefield appear on the sale alongside Cushman & Wakefield, Tishman Speyer. This page is the Austin, Texas file for the 1600 East 4th Street, Austin, Texas 78702, United States office sold: pricing, party profiles, and other closed office comps from the same Austin sit in the Market section below. Filter that Austin office set by closing date to see what else sold near 1600 East 4th Street, Austin, Texas 78702, United States around 2022. Cite this Beacon Capital Partners Acquires 240,000 SF Office In East Austin From Tishman Speyer sale when underwriting similar office product around Austin, Texas.
Players
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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