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8300 Ranch Road 620 North

Partners Capital Sells 69037 Square Foot Retail Property Trails At 620 In Austin
SOLDRetail

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

Chris Gerard

JLL

Broker

$115M

vol

30 deals

Broker

Market 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