Headwall Investments Acquires Market At Georgetown Retail Center In Austin's Growing Market
610 N Austin Ave Georgetown, TX 78626, USA
Building Size
55,000 SF
Asset Type
Retail
Closing
Jul 25, 2023
AI
The Market at Georgetown shopping center in Georgetown is being acquired by Headwall Investments, expanding their Austin portfolio. This retail property, spanning 55,000 square feet, is located at 610 North Austin Avenue. The transaction took place on July 25, 2023, in Georgetown's market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 610 North Austin Avenue
- Market: Georgetown
- Buyer: Headwall Investments - George Wommack
Headwall Investments, a San Antonio-based firm, specializes in acquiring retail properties with high occupancy rates in growing areas. They plan to increase their capital for the second fund to invest in markets like Houston and Dallas-Fort Worth. George Wommack acts as Headwall Investments' representative in this deal.
Texas 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