DML Capital Acquires 123,272-SF Office Building In Austin From Brick Row Holdings
4516 Seton Center Parkway
Building Size
123,272 SF
Asset Type
Office
Closing
Oct 28, 2026
About this deal
AI
4516 Seton Center Parkway is a 123,272-square-foot office building located in the Austin, TX market. The property was 98% leased at the time of the transaction.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Buyer: Saleem Lakhani - DML Capital
- Seller: Connor Greissing - Brick Row Holdings
- Brokers: Ryan Stevens & Drew Fuller - JLL
- Mortgage Brokers: Kyle Spencer, Michael Johnson & Michael King - JLL
The acquisition was facilitated by JLL, with Ryan Stevens and Drew Fuller representing Brick Row Holdings in the sale. Kyle Spencer, Michael Johnson, and Michael King were responsible for arranging acquisition financing through a life insurance company.
On the Map
Office
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Players
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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