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
About this deal
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.
On the Map
Retail
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Players
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