Sikka Investments Acquires Retail Property In Austin From Swanson Development Company
6200 West William Cannon Drive, Austin, Texas 78749, United States
Building Size
13,833 SF
Asset Type
Retail
Closing
Apr 6, 2022
About this deal
AI
The retail property located at 6200 W. William Cannon Dr. in Austin has been sold. This property has a total area of 13,833 square feet and sits on a plot of land measuring 1.86 acres. The transaction took place on April 7, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 6200 W. William Cannon Dr., Austin
- Size: 13,833 square feet
- Acreage: 1.86 acres
- Market: Austin
JLL Capital Markets served as the brokers for this sale. The buyer, Sikka Investments, acquired the property from Swanson Development Company.
Players
Austin Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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