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2727 Exposition Blvd Austin...

Ivy Cos. And 35 South Capital Acquire Austin's Casis Village From Bryant Family
SOLDRetail

Ivy Cos. And 35 South Capital Acquire Austin's Casis Village From Bryant Family

2727 Exposition Blvd Austin, TX 78703, USA

Building Size

48,500 SF

Asset Type

Retail

Closing

Aug 21, 2023

AI

Austin's Casis Village, a fully leased 48,500-square-foot retail center located at 2727 Exposition Boulevard, has been sold. The property sits on approximately 2.9 acres of land in the Austin market. The sale was finalized on 08/21/2023, with Endeavor Real Estate Group's Dan Frey acting as the broker for the transaction.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: Not specified
  • Square Footage: 48,500
  • Address: 2727 Exposition Boulevard
  • Market: Austin

Ivy Cos. and 35 South Capital jointly purchased Austin's Casis Village from the Bryant family. Ivy Cos.' Roger Plourde and 35 South Capital's John Morton represented the buyers in the transaction. The new owners have plans to renovate the property's appearance and improve its amenities, potentially enhancing its value and appeal to tenants.

Players

Daniel Frey

Endeavor Real Estate Group

Broker

1 deal

Broker

Center Retail Market Snapshot

Boundary boundary · Retail · Sale 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