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3600 North Capital Of Texas...

David K. Holeman Of Whitestone REIT Acquires San Clemente At Davenport Retail Center In Austin
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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

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.

Players

Chris Gerard

JLL

Broker

$115M

vol

30 deals

Broker
WR
Whitestone REITBuyer

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93