REIT Phillips Edison & Co. Acquires Retail Property In Georgetown From Cypress Equities
5731 Williams Drive, Georgetown, Texas 78633, United States
Building Size
78,888 SF
Asset Type
Retail
Closing
Feb 10, 2022
About this deal
AI
Cypress Equities has sold a retail property located at 5731 Williams Dr in Georgetown. The property spans a total area of 78,888 square feet. The transaction took place on February 11, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5731 Williams Dr, Georgetown
- Market: Georgetown
- Buyer: REIT Phillips Edison & Co.
- Seller: Cypress Equities
The deal was facilitated by SRS Real Estate Partners, with Cathy Nabours, Walter Saad, Kyle Shaffer, and Aaron Johnson representing the buyer and seller. No additional details about the transaction were provided.
On the Map
Retail
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Players
Georgetown 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