Apple Acquires Office Building In Austin For $140M
320 South Capital of Texas Highway
$140,000,000
$645/SF
Building Size
217,000 SF
Asset Type
Office
Closing
Aug 30, 2021
About this deal
AI
The property involved in this transaction is an office asset located at 320 South Capital of Texas Hwy in Austin. The sale took place on August 30, 2021. The seller, GLL Real Estate Partners represented by Rainer Göbel, sold the property to the buyer, Apple Inc. represented by Tim Cook.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $140,000,000
- Address: 320 South Capital of Texas Hwy
- Market: Austin
- Seller: GLL Real Estate Partners - Rainer Göbel
- Buyer: Apple Inc. - Tim Cook
The property has a total area of 217,000 square feet. The price per square foot for this transaction was $645.
On the Map
$140,000,000
$645/SF
Office
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Players
Austin 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93