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
About this deal
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.
On the Map
$580,000,000
$794/SF
Office
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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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93