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7000 West William Cannon Dr...

Cushman & Wakefield Acquires Office Building In Austin, Texas
SOLDOffice

Cushman & Wakefield Acquires Office Building In Austin, Texas

7000 West William Cannon Drive, Austin, TX, USA

Building Size

136,075 SF

Asset Type

Office

Closing

Dec 22, 2020

AI

An office property located at 7000 W. William Cannon Drive in Austin was recently sold in a closed transaction. The sale took place on 12/23/2020 and the property spans an area of 136,075 square feet. The property was listed by Mike McDonald, Ryan Stevens, & Celeste Fowden from Cushman & Wakefield. Images of the property can be seen on the Instagram post by following the link provided.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 12/23/2020
  • Address: 7000 W. William Cannon Drive
  • Market: Austin
  • Size: 136,075 square feet
  • Brokers: Mike McDonald, Ryan Stevens, & Celeste Fowden - Cushman & Wakefield

The office property at 7000 W. William Cannon Drive in Austin was successfully sold with the assistance of Mike McDonald, Ryan Stevens, & Celeste Fowden from Cushman & Wakefield. They played a crucial role in facilitating the transaction, ensuring a smooth process for all parties involved. Their expertise in the Austin market and commitment to client satisfaction contributed to the successful completion of the deal.

Players

Ryan Stevens

JLL

Broker

$26M

vol

5 deals

Broker

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