facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Sale

/

200 West 6th Street

Kilroy Realty Corp. Acquires Office Tower In Austin For $580M
SOLDOffice

Kilroy Realty Corp. Acquires Office Tower In Austin For $580M

200 West 6th Street

$580,000,000

$794/SF

Building Size

730,000 SF

Asset Type

Office

Closing

Jun 17, 2020

AI

An office tower located at 200 West 6th Street in Austin has been sold for a total price of $580,000,000. The property spans 730,000 square feet, resulting in a price per square foot of $795. The transaction took place on June 17, 2021.

Summary of transaction details

  • Property Type: Office Tower
  • Transaction Amount: $580,000,000
  • Address: 200 West 6th Street
  • Market: Austin

Trammell Crow was the seller in this deal, while Kilroy Realty Corp. acted as the buyer. The brokers involved in the transaction were Allen Matkins and Eastdil Secured. Mike Lafitte and John Kilroy represented the respective parties in this transaction.

Players

Allen Matkins

Broker

$955M

vol

2 deals

Broker
KC
Kilroy Realty CorpBuyer

Trammell Crow

Seller

$655.5M

vol

6 deals

Seller

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

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93