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4001 West William Cannon Dr...

Colliers International & Pegasus Investments Sell Retail Property In West Oak Hill, Austin For $7M
SOLDRetail

Colliers International & Pegasus Investments Sell Retail Property In West Oak Hill, Austin For $7M

4001 West William Cannon Drive, Austin, TX 78749

$7,000,000

$542/SF

Building Size

12,900 SF

Asset Type

Retail

Closing

Apr 20, 2020

AI

A retail property located at 4001 W William Cannon Dr. in Austin's West Oak Hill market has been sold for $7,000,000. The transaction took place on 04/21/20. The property spans 12,900 square feet, resulting in a price per square foot of $542.64.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,000,000
  • Address: 4001 W William Cannon Dr.
  • City: Austin
  • Market: West Oak Hill

The sale was facilitated by the following brokers: Jon Busse and Volney Campbell from Colliers International, as well as Brad Kritzer and David Chasin from Pegasus Investments.

Players

David B. Chasin

Pegasus Investments Real Estate Advisory

Broker

$106.1M

vol

6 deals

Broker

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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93