SOLDRetail
Newport Capital Partners Acquires Retail Property In Austin's Market
5510 South Interstate 35
Building Size
103,030 SF
Asset Type
Retail
Closing
Jul 26, 2020
AI
5510 S Interstate 35, a retail property in Austin, was recently sold in a closed transaction. The property spans a total of 103,030 square feet. The sale took place on July 26, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5510 S Interstate 35
- Market: Austin
- Square Footage: 103,030
Newport Capital Partners, represented by Derrick McGavic, acquired the property. The buyer's representative in the deal was CBRE.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93