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
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