Apex Investors Group LLC Acquires Office Building In La Grange, Austin For $Undisclosed Amount
2 Saint Marks Pl, La Grange, Texas 78945, United States
Building Size
31,203 SF
Asset Type
Office
Closing
Mar 27, 2022
About this deal
AI
The office property located at 2 Saint Mark's Pl in La Grange, Austin was recently sold in a transaction. The property spans an area of 31,203 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2 Saint Mark's Pl
- Market: La Grange, Austin
- Square Footage: 31,203
Apex Investors Group LLC acquired the property from The Rainier Companies. Matt Siebert from Horvath & Tremblay represented the buyer, while Chris Higbie and Zack Ficke from Colliers International represented the seller.
On the Map
Office
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La Grange 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