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
About this deal
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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Deal FAQ
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