SOLDOffice
Kilroy Realty Corp Acquires Office Building In Downtown Austin For $580M
200 West 6th Street, Austin, Texas 78703, United States
$580,000,000
$11,372/SF
Building Size
51,000 SF
Asset Type
Office
Closing
May 12, 2022
AI
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
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