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
About this deal
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.
On the Map
Office
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Players
Austin Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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