facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Sale

/

3711 South Mopac Expressway

Steve Gozini Of BH Properties Acquires 205293 SF Office Complex In Austin
SOLDOffice

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

Ryan Stevens

JLL

Broker

$26M

vol

5 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Steve Gozini

Steve Gozini

Buyer

$109.8M

vol

8 deals

Buyer

Austin 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