Colliers International & Pegasus Investments Sell Retail Property In West Oak Hill, Austin For $7M
SOLD
$7,000,000
+ 1
Texas
See Similar DealsRetail12,900 SF
Sold
SOLD
Colliers International & Pegasus Investments Sell Retail Property In West Oak Hill, Austin For $7M
4001 West William Cannon Drive, Austin, TX 78749
See Similar DealsRetail12,900 SF
Sold
+ 1
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$542
Total Square Footage:12900 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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