Discover PCR Leases 2,579 SF Retail Space In Austin With Resolut RE As Brokers
S Hwy 183, Austin, TX, USA
Building Size
2,579 SF
Asset Type
Retail
Closing
Sep 15, 2020
AI
A retail property located at 13776 US Hwy 183 in Austin has recently been leased. The transaction took place on September 16, 2020, with a total square footage of 2,579. The tenant responsible for the lease is Discover PCR.
Summary of transaction details
- Property Type: Retail
- Tenant: Discover PCR
- Square Footage: 2,579
- Broker: Andrew Perkel & Michael Noteboom – RESOLUT RE
Andrew Perkel and Michael Noteboom from RESOLUT RE served as the brokers in this deal. They represented the tenant, Discover PCR, throughout the lease negotiation process.
Players
Austin Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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