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2043 S Lamar Blvd, Austin, ...

DivcoWest Acquires Office Building In Austin From Unico Properties
SOLDOffice

DivcoWest Acquires Office Building In Austin From Unico Properties

2043 S Lamar Blvd, Austin, TX, USA

Building Size

170,000 SF

Asset Type

Office

Closing

Aug 25, 2021

AI

The office property located at 2043 S. Lamar Blvd in Austin has been sold in a recent transaction. The property spans across 170,000 square feet and was listed for sale on August 25, 2021.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 08/25/2021
  • Address: 2043 S. Lamar Blvd, Austin
  • Market: Austin
  • Square Footage: 170,000

The seller in this transaction was Unico Properties, represented by Quentin Kuhrau. On the other hand, DivcoWest was the buyer, with Stuart Shiff as their representative. Both parties played key roles in the successful completion of this office property sale.

Players

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Unico PropertiesSeller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93