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3101 Bee Caves Rd Austin, T...

Stanton Road Capital Acquires 55,000-Square-Foot Office Property In Austin's Rollingwood
SOLDOffice

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

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

Players

Stanton Road Capital
Stanton Road CapitalBuyer

Texas Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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