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
Austin 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93