Magellan International School Acquires Office Building In Austin From Urbana Partners
7501 North Capital Of Texas Highway
Building Size
87,408 SF
Asset Type
Office
Closing
Dec 14, 2022
About this deal
AI
The office property located at 7501 North Capital Of Texas Highway – Bldg B & C in Austin has been sold in a transaction. The property spans an area of 87,408 square feet. The sale was closed on December 14, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Buyer: Magellan International School
- Seller: Urbana Partners
- Brokers: Casey Casper & Ralph Coppola - Stream Realty Partners
Magellan International School has acquired the property as the buyer, while Urbana Partners acted as the seller. Casey Casper and Ralph Coppola from Stream Realty Partners served as the brokers in the transaction.
On the Map
Office
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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