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9410 Anderson Mill Rd, Aust...

Updated Dec 20, 2023

The Patel Group Acquires Retail Property On Anderson Mill Road In Austin
SOLDRetail

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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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

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