Brian Younessi's Highland Park Developments Acquires Retail Property In Hutto, TX For $4.5M
409 W Front St Hutto, TX 78634, USA
$4,500,000
$232/SF
Building Size
19,380 SF
Asset Type
Retail
Closing
May 1, 2023
About this deal
AI
Highland Park Developments has acquired a retail property located at 409 West Front Street in Hutto, TX. The property, spanning 19,380 square feet, was sold for a price of $4,500,000, resulting in a price per square foot of $232.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Square Footage: 19,380
- Address: 409 West Front Street, Hutto, TX
- Buyer: Brian Younessi - Highland Park Developments
Highland Park Developments, headed by Brian Younessi, specializes in value-add retail, industrial, and self-storage opportunities in Texas, focusing primarily on the greater Austin markets and emerging surrounding areas. Their recent acquisition of the retail property in Hutto is another testament to their active pursuit of strategic real estate investments in the region.
For more information about Highland Park Developments and their projects, visit their website: https://hpdevelopments.com
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93