George Cuella Purchases Medical Retail Asset From FourT Realty In Austin For $X
9511 North Lamar Boulevard
Building Size
4,053 SF
Asset Type
Retail
Closing
Dec 16, 2024
AI
The property asset involved in this transaction is located at 9511 North Lamar Boulevard in Austin. It is classified as a Medical/Retail asset, encompassing a total area of 4,053 square feet.
Summary of transaction details:
- Property Type: Medical/Retail
- Transaction Amount: Not specified
- Address: 9511 North Lamar Boulevard
- Market: Austin
- Buyer: George Cuella
- Seller: FourT Realty
- Buyer's Representative: Daniel Solomon - Kidder Mathews
- Seller's Representatives: Garrett Wood - Hanley Investment Group; Scott Reid - ParaSell & Inc.
- Date of Transaction: 12/16/2024
In this transaction, George Cuella acquired the property from seller FourT Realty. The deal was facilitated with the guidance of Daniel Solomon representing the buyer and a team of Garrett Wood and Scott Reid representing the seller.
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