Steve Gozini Of BH Properties Acquires 205293 SF Office Complex In Austin
3711 South Mopac Expressway
Building Size
205,293 SF
Asset Type
Office
Closing
Apr 30, 2025
AI
The transaction involved an office complex located at 3711 South Mopac Expressway in Austin. The property spans 205,293 square feet and encompasses 16.5 acres. Recently, the asset underwent $1.3 million in upgrades.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 3711 South Mopac Expressway
- Market: Austin
- Size: 205,293 SF
- Acres: 16.5
- Buyer: Steve Gozini - BH Properties
- Brokers: Drew Fuller & Ryan Stevens - JLL
- Seller: Undisclosed
The deal was facilitated by brokers Ryan Stevens and Drew Fuller from JLL, representing BH Properties in the acquisition of The Park on Barton Creek. This transaction highlights the involvement of key individuals in the commercial real estate sector.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93