The Patel Group Acquires Retail Property On Anderson Mill Road In Austin
9410 Anderson Mill Rd, Austin, TX 78729, USA
Building Size
22,680 SF
Asset Type
Retail
Closing
Aug 19, 2020
About this deal
AI
The property at 9410 Anderson Mill Road in Austin has been sold in a recent transaction. The retail asset spans 2,268 square feet, providing ample space for business operations. The sale took place on August 20, 2020, and the property was represented by Jerel Choate from RESOLUT RE. The buyer, The Patel Group, was represented by their own representative.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 9410 Anderson Mill Road
- Market: Austin
- Seller's Representative: Jerel Choate - RESOLUT RE
- Buyer's Representative: The Patel Group
Jerel Choate from RESOLUT RE played a crucial role in representing the seller in this transaction. On the other hand, The Patel Group enlisted their own representative to negotiate on their behalf. The deal demonstrates the collaborative efforts of these key individuals and companies involved in the successful sale of the retail property at 9410 Anderson Mill Road in Austin.
Players
Austin Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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