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8300 N FM 620, Austin, TX 7...

Partners Capital Acquires Retail Property At 8300 N FM 620 In Austin
SOLDRetail

Partners Capital Acquires Retail Property At 8300 N FM 620 In Austin

8300 N FM 620, Austin, TX 78726, USA

Building Size

69,037 SF

Asset Type

Retail

Closing

Oct 27, 2020

AI

The property at 8300 N FM 620 in Austin has been sold in a recent transaction. The retail asset spans a total of 69,037 square feet and sits on a 15-acre plot of land.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Market: Austin
  • Buyer: Partners Capital – Andrew Pappas & Adam Hawkins
  • Seller: Not specified
  • Broker: Drew FullerJLL

The sale was facilitated by Drew Fuller from JLL. Partners Capital, represented by Andrew Pappas and Adam Hawkins, acquired the retail property. Unfortunately, further details regarding the transaction amount are not available.

Players

Andrew Pappas

Broker

6 deals

Broker
S3 Capital
S3 CapitalBuyer
S3 Capital
S3 CapitalLender

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