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2000 N Mays St Round Rock, ...

Partners Real Estate Sells Triangle Center, A Round Rock Shopping Center With Sherwin-Williams, Pizza Hut, Animal Care Clinic, And Express Employment
SOLDOffice

Partners Real Estate Sells Triangle Center, A Round Rock Shopping Center With Sherwin-Williams, Pizza Hut, Animal Care Clinic, And Express Employment

2000 N Mays St Round Rock, TX 78664, USA

Building Size

58,929 SF

Asset Type

Office

Closing

Sep 11, 2023

AI

Partners Real Estate's investment arm has sold Triangle Center, a 58,929-square-foot shopping center located at 2000 North Mays Street in Round Rock, Austin's northern suburb. The property sits on approximately 6.1 acres of land and is situated in a highly desirable market. Triangle Center features a diverse tenant mix including Sherwin-Williams, Pizza Hut, Animal Care Clinic, and Express Employment. The transaction took place on 09/11/2023, with the buyer's identity remaining undisclosed.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Square Footage: 58,929 SF
  • Address: 2000 North Mays Street
  • Market: Round Rock
  • Acres: 6.1

Cathy Nabours and Kyle Shaffer, representatives from SRS Real Estate Partners, were the brokers involved in this transaction, representing Partners Real Estate. They played a crucial role in facilitating the sale of Triangle Center, showcasing their expertise in the commercial real estate market. The deal highlights the successful collaboration between Partners Real Estate and their chosen brokers, ensuring a seamless transaction process for the buyer and seller.

Players

Cathy Nabours

SRS Real Estate Partners

Broker

11 deals

Broker
SB Real Estate Partners
SB Real Estate PartnersSeller

Round Rock 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