SOLDRetail
Newmark Brokers Sell Retail Property In Austin For $3.4M On Research Blvd
11600 Research Blvd, Austin, TX, USA
$3,400,000
$550/SF
Building Size
6,176 SF
Asset Type
Retail
Closing
Mar 11, 2021
AI
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
Austin Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93