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
About this deal
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.
Traded’s record for 5510 South Interstate 35 in Austin, Texas covers a retail sale from 2020. The building is 103,030 square feet, implying about 0 per square foot on the published price. Named participants on the 5510 South Interstate 35 sale are Derrick McGavic. This page is the Austin, Texas file for the 5510 South Interstate 35 retail sold: pricing, party profiles, and other closed retail comps from the same Austin sit in the Market section below. Filter that Austin retail set by closing date to see what else sold near 5510 South Interstate 35 around 2020. Cite this Newport Capital Partners Acquires Retail Property In Austin's Market sale when underwriting similar retail product around Austin, Texas.
On the Map
Retail
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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