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Kilroy Realty Corp Acquires Office Building In Downtown Austin For $580M

Property Image
SOLD
$580,000,000

Texas

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Office51,000 SF
Sold 05/13/2022
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Property Image
SOLD

Kilroy Realty Corp Acquires Office Building In Downtown Austin For $580M

200 West 6th Street, Austin, Texas 78703, United States

See Similar Deals
Office51,000 SF
Sold 05/13/2022
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$11,372
Total Square Footage:51,000 SF
Transaction Type:Sale

The property involved in this transaction is an office located at 200 W. Sixth St. in Downtown Austin. It was sold for a total of $580,000,000. The office spans 730,000 square feet, resulting in a price per square foot of $795.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $580,000,000
  • Address: 200 W. Sixth St.
  • Market: Downtown Austin
  • Square Footage: 730,000
  • Price Per Square Foot: $795

The buyer of this property was Kilroy Realty Corp, represented by John Kilroy.

Players

John Kilroy
John Kilroy
4 deals$2B volume
BUYER

Details

SOLD
IMAGE: John Kilroy DATE: 05/13/2022 ADDRESS: 200 W. Sixth St. MARKET: Downtown Austin ASSET TYPE: Office BUYER: Kilroy Realty Corp - John Kilroy SALE PRICE: $580,000,000 SF: 730,000 ~ PPSF: $795

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$30,933,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,060,617.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,749,495.90
Annual Debt Service$32,993,950.83