Arc Capital Partners Acquires Office Building In Austin From Prescott Group
SOLD
+ 4
Texas
See Similar DealsOffice100,166 SF
Sold 05/13/2022
SOLD
Arc Capital Partners Acquires Office Building In Austin From Prescott Group
316 West 12th Street, Austin, Texas 78701, United States
See Similar DealsOffice100,166 SF
Sold 05/13/2022
+ 4
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:100,166 SF
Transaction Type:Sale
The office property located at 316 W. 12th St. in Austin has been sold in a transaction that took place on May 13, 2022. The property spans a total area of 100,166 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 316 W. 12th St.
- Market: Austin
- Asset Type: Office
- Square Footage: 100,166 SF
Arc Capital Partners has acquired the property from the Prescott Group. The deal was facilitated by Andrew Levy, Todd Savage, Kelsey Shebay, and Jeff Coddington from JLL, who acted as brokers representing both the buyer and seller.
The lending for the transaction was provided by Grant Street Funding. The mortgage brokers involved in securing the loan were Jeff Sause, Casey Wenzel, and Matthew Ctvrtlik from JLL.
Players
BUYER
LENDER
Details
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Deal Type
30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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