Stanton Road Capital Acquires 55,000-Square-Foot Office Property In Austin's Rollingwood
3101 Bee Caves Rd Austin, TX 78746, USA
Building Size
55,000 SF
Asset Type
Office
Closing
Jun 14, 2023
About this deal
AI
Stanton Road Capital (SRC) has acquired Centre II, a 55,000-square-foot office property located at 3101 Bee Cave Road in Austin's Rollingwood submarket. The property, with a purchase price of $0 and a price per square foot of $0, adds to SRC's presence in the Austin market. With a fully leased space and convenient access to downtown, Centre II is a valuable asset for SRC.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $0
- Address: 3101 Bee Cave Road
- Market: Austin
- Buyer: Stanton Road Capital - Tim Ronan, Jr.
- Square Footage: 55,000
- Price per Square Foot: $0
On the Map
Office
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Players
Texas 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