Partners Capital Sells 69037 Square Foot Retail Property Trails At 620 In Austin
Building Size
69,037 SF
Asset Type
Retail
Closing
Sep 24, 2024
AI
The retail property Trails at 620, located at 8300 North FM 620 in Austin, has a total square footage of 69,037. The property was part of Partners Capital's portfolio, acquired in 2020, and has now been sold as the final asset from Partners' Fund III.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 69,037
- Address: 8300 North FM 620
- Market: Austin
- Broker Representatives: Chris Gerard & Shea Petrick - JLL
JLL's agents, Shea Petrick and Chris Gerard, represented the seller, Partners Capital, in this transaction. Their involvement highlights the roles of experienced brokers in facilitating significant property sales within the market.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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