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12901 North Interstate 35, ...

RD Management LLC Acquires Retail Property In Austin With Richard Birdoff's Representation
LEASEDRetail

RD Management LLC Acquires Retail Property In Austin With Richard Birdoff's Representation

12901 North Interstate 35, Austin, Texas 78753, United States

Building Size

49,130 SF

Asset Type

Retail

Closing

Mar 8, 2022

AI

The leased retail property located at 12901 N Interstate 35 Frontage Rd in Austin has been successfully transacted. The property spans across a total area of 49,130 square feet, providing ample space for retail activities. The lease agreement was finalized on 03/09/2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 03/09/2022
  • Address: 12901 N Interstate 35 Frontage Rd, Austin
  • Market: Austin
  • Square Footage: 49,130

RD Management LLC, represented by Richard Birdoff, has entered into the lease agreement for this retail property. Richard Birdoff, from RD Management LLC, played a key role as the tenant in this transaction.

Players

Austin Retail Market Snapshot

Boundary boundary · Retail · Lease 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