Institutional Property Advisors Acquires 534,566 SF Retail Property In Round Rock
2601 La Frontera Boulevard, Round Rock, Texas 78681, United States
Building Size
534,566 SF
Asset Type
Retail
Closing
Apr 27, 2022
About this deal
AI
2601 La Frontera Blvd is a retail property located in Round Rock. With a total square footage of 534,566 and covering an area of 62 acres, this property offers ample space for retail operations. The transaction for this property took place on April 28, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 2601 La Frontera Blvd
- Market: Round Rock
- Square Footage: 534,566
- Acres: 62
The deal for this property was facilitated by Andrew Margulies, Erin Patton, Scott Wiles, and Craig Fuller of Institutional Property Advisors (IPA) - Marcus & Millichap. These brokers played a crucial role in representing the buyer and seller in this transaction.
Players
Round Rock 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93