PlaceMKR LLC Acquires 97,941 SF Office Building In Round Rock From Empire Square Group LLC
2700 La Frontera Boulevard, Round Rock, TX 78681
Building Size
97,941 SF
Asset Type
Office
Closing
Oct 27, 2021
About this deal
AI
The property asset involved in this transaction is an office building located at 2700 La Frontera Blvd in Round Rock. The building has a total square footage of 97,941 and is situated in the Round Rock market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2700 La Frontera Blvd
- Market: Round Rock
- Buyer: PlaceMKR LLC - Christopher Cortese & Jesse Weber
- Seller: Empire Square Group LLC
- Brokers: Todd Mills & Hunter Mills
PlaceMKR LLC, represented by Christopher Cortese and Jesse Weber, purchased the office building from Empire Square Group LLC. The seller's exclusive agent for this transaction was Cushman & Wakefield. It is worth noting that the asset is currently 100% leased.
On the Map
Office
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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