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7501 North Capital Of Texas...

Magellan International School Acquires Office Building In Austin From Urbana Partners
SOLDOffice

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

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.

Players

Casey Casper

HPI Real Estate Services & Investments

Broker

1 deal

Broker
UP
Urbana PartnersSeller

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