Central Health Acquires Cameron Center Office Complex In Austin For $14.4M
7901 Cameron Rd Austin, TX 78754, USA
$14,400,000
$124/SF
Building Size
116,000 SF
Asset Type
Office
Closing
Jun 16, 2023
About this deal
AI
The Cameron Center, a three-building office complex located at 7901 Cameron Road in Austin, has been sold for $14.4 million. The buyer, Central Health, a hospital district serving Travis County, will utilize the facility to provide medical services such as clinics, pharmacy services, a detoxification center, and respite care beds for individuals experiencing homelessness. The property spans a total of 116,000 square feet, with an average price per square foot of $124.
Summary of transation details
- Property Type: Office
- Transaction Amount: $14,400,000
- Address: 7901 Cameron Road
- Market: Austin
- Buyer: Central Health - Mike Geeslin
- Seller: 11th and Grand LLC & Cross Creek of Texas Ltd
In this deal, Mike Geeslin represented Central Health as their broker. The sale of the Cameron Center signifies Central Health's expansion of medical services and commitment to providing healthcare facilities to the community.
On the Map
$14,400,000
$124/SF
Office
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Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93