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
About this deal
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.
The retail sale at 11600 Research Blvd, Austin, TX, USA in Austin, Texas sold for $3.4M in 2021. The building is 6,176 square feet, implying about 550 per square foot on the published price. Lispah Hogan, Samer Khalil, Matt Berres, Newmark appear on the sale alongside Newmark. This page is the Austin, Texas file for the 11600 Research Blvd, Austin, TX, USA retail sold: pricing, party profiles, and other closed retail comps from the same Austin sit in the Market section below. Filter that Austin retail set by closing date to see what else sold near 11600 Research Blvd, Austin, TX, USA around 2021. Published consideration for 11600 Research Blvd, Austin, TX, USA is $3.4M, dated 2021. Cite this Newmark Brokers Sell Retail Property In Austin For $3.4M On Research Blvd sale when underwriting similar retail product around Austin, Texas.
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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