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6705 West US Highway 290, A...

Headwall Investments Acquires 43,000 SF Retail Property In Austin
SOLDRetail

Headwall Investments Acquires 43,000 SF Retail Property In Austin

6705 West US Highway 290, Austin, Texas 78735, United States

Building Size

43,000 SF

Asset Type

Retail

Closing

May 16, 2022

AI

The retail property located at 6705 US-290 in Austin was recently sold in a transaction. The property spans approximately 43,000 square feet and is situated in the Austin market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 6705 US-290, Austin
  • Market: Austin

Headwall Investments, represented by George J. Wommack, emerged as the buyer in this deal. The buyer was represented by Dillon Hurley of Argali CRE, LLC. On the other hand, SRS Real Estate Partners, comprising Cathy Nabours, Walter Saad, Kyle Shaffer, and Eric Schach, acted as the seller's representatives.

Players

Cathy Nabours

SRS Real Estate Partners

Broker

11 deals

Broker
George J. Wommack

George J. Wommack

Headwall Investments

Buyer

9 deals

Buyer

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