Rastegar Property Company Acquires Austin Office Building On S. Capital Of Texas Highway
515 South Capital of Texas Highway, West Lake Hills, TX, USA
Building Size
29,685 SF
Asset Type
Office
Closing
Dec 2, 2020
About this deal
AI
The property involved in this transaction is an office building located at 515 S. Capital of Texas Highway in Austin. The transaction took place on 12/03/2020. The property, owned by Rastegar Property Company, has a total square footage of 29,685. The market for this property is in Austin, Texas.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Buyer: Rastegar Property Company - Ari Rastegar
Ari Rastegar, representing Rastegar Property Company, was the buyer in this transaction. No additional information is available regarding the transaction amount or any other individuals or companies involved in this deal.
Players
West Lake Hills Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
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