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
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