Net Lease Development Acquires Retail Property On Balcones Drive In Austin
5400 Balcones Dr, Austin, TX 78731, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Sep 7, 2020
About this deal
AI
The property involved in the transaction is a retail asset located at 5400 Balcones Drive in Austin. The property spans approximately 1,500 square feet and was sold on 09/08/2020.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Seller: Edry B&K-7 GP
- Buyer: Net Lease Development LLC
- Seller's Representative: Marc Peeler - NewQuest Properties
- Buyer's Representative: Randy Bell - Real Capital Investments
The seller in the transaction is Edry B&K-7 GP, while the buyer is Net Lease Development LLC. Representing the seller is Marc Peeler from NewQuest Properties, and Randy Bell from Real Capital Investments is the representative for the buyer.
Players
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