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Newmark Brokers Sell Retail Property In Austin For $3.4M On Research Blvd

Property Image
SOLD
$3,400,000
Lispah Hogan
Samer Khalil
Matt Berres

Texas

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Retail6,176 SF
Sold 03/12/2021
the dealplayerscompscontact
Property Image
SOLD

Newmark Brokers Sell Retail Property In Austin For $3.4M On Research Blvd

11600 Research Blvd, Austin, TX, USA

See Similar Deals
Retail6,176 SF
Sold 03/12/2021
Lispah Hogan
Samer Khalil
Matt Berres
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Retail
Price Per Square Foot:$550
Total Square Footage:6,176 SF
Transaction Type:Sale

Located at 11600 Research Blvd in Austin, this retail property has been sold for a price of $3,400,000. Spanning across 6,176 square feet, the property was sold at a rate of $551 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $3,400,000
  • Address: 11600 Research Blvd
  • Market: Austin

The sale of this retail property was facilitated by the brokers Matt Berres, Samer Khalil, and Lispah Hogan from Newmark.

Players

Matt Berres
Newmark
Matt Berres
9 deals$206.7M volume
BROKER
Samer Khalil
Newmark
Samer Khalil
10 deals$210.6M volume
BROKER
Lispah Hogan
Newmark
Lispah Hogan
2 deals$3.4M volume
BROKER

Details

SOLD
IMAGE: Samer Khalil, Lispah Hogan, & Matt Berres DATE: 03/12/2021 ADDRESS: 11600 Research Blvd MARKET: Austin ASSET TYPE: Retail BROKERS: Matt Berres, Samer Khalil, & Lispah Hogan - Newmark SALE PRICE: $3,400,000 SF: 6,176 ~ PPSF: 551

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$181,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82