SOLDOffice
Pharmacists Mutual Insurance Group Acquires Austin Office Building
6001 Bold Ruler Way, Austin, TX 78746
Building Size
37,500 SF
Asset Type
Office
Closing
Oct 25, 2020
AI
Pharmacists Mutual Insurance Group has acquired an office building located at 6001 Bold Ruler Way in Austin. The property spans approximately 37,500 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Date: 10/26/2020
- Market: Austin
- Buyer: Pharmacists Mutual Insurance Group
- Seller's Rep: Cushman & Wakefield
- Buyer's Rep: Todd Mahler - NAI Partners
Todd Mahler from NAI Partners represented Pharmacists Mutual Insurance Group in the transaction. No additional details about the deal were provided.
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