David K. Holeman Of Whitestone REIT Acquires San Clemente At Davenport Retail Center In Austin
3600 North Capital Of Texas Highway
Building Size
31,832 SF
Asset Type
Retail
Closing
May 8, 2025
About this deal
AI
The retail asset involved in this transaction is the San Clemente at Davenport retail center, located at 3600 North Capital Of Texas Highway in Austin. The property encompasses 31,832 square feet and is anchored by Fresas Chicken, indicating its role within a vibrant retail environment.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 31,832
- Address: 3600 North Capital Of Texas Highway
- Market: Austin
- Buyer: David K. Holeman - Whitestone REIT
- Seller: HPI Real Estate Services & Investments
- Broker Representatives: Chris Gerard & Shea Petrick - JLL
This deal involved prominent figures in the real estate sector, with David K. Holeman representing Whitestone REIT as the buyer. The sellers, HPI Real Estate Services & Investments, were represented by brokers Chris Gerard and Shea Petrick from JLL, showcasing a professional collaboration in this retail property transaction.
On the Map
Retail
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Players
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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