Stratus Properties Sells Lantana Place Retail In Austin For $57.5M
7415 Southwest Parkway
$57,500,000
$578/SF
Building Size
99,377 SF
Asset Type
Retail
Closing
Nov 26, 2025
About this deal
AI
The property asset involved in the transaction is Lantana Place-Retail, located at 7415 Southwest Parkway in the Austin market. The asset was sold for $57,500,000, encompassing a total square footage of 99,377, resulting in a price per square foot of $579.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $57,500,000
- Seller: William H. Armstrong III
- Seller's Agency: Stratus Properties
- Pre-tax Net Cash Proceeds: $26,900,000
- Additional Features: The seller retains the adjacent Saint Julia 210-unit multifamily project and entitlements for 160,000 square feet of commercial development within the Lantana community.
William H. Armstrong III represented the seller in this closed transaction, facilitating the sale of the retail asset while ensuring that Stratus Properties maximized its proceeds from the investment.
On the Map
$57,500,000
$578/SF
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93