Vanguard Realty & Capital — Portfolio Intelligence Vault

Ask anything about
your properties & leases

Search across every Purchase & Sale Agreement (PSA), commercial lease abstract, CBRE appraisal, Phase I environmental audit, title commitment, and rent roll in your portfolio — instantly, and in plain English.

Closed commercial acquisitions in 2024 with cap rate above 6%
Anchor tenant lease expirations and renewal options at Skyline Tower
Phase I Environmental Site Assessments with zero RECs
Properties with active zoning variances or title easements
CBRE valuation reports and NOI projections for Austin assets
6,490
Property Docs
$1.2B
Assets Under Mgmt
98.4%
Extraction Accuracy
<1.2s
Query Speed
Results for "Closed commercial acquisitions in 2024 with cap rate above 6%"
3 properties · 64 documents · 0.5s
AI Portfolio Synthesis
In 2024, Vanguard Realty & Capital closed 2 commercial acquisitions exceeding a 6.0% going-in cap rate. The flagship acquisition is The Meridian Mixed-Use Tower (Closed Aug 2024) in Austin, TX — acquired for $42,500,000 at a verified 6.45% Cap Rate ($2.74M Year-1 NOI, 94% occupancy). The second closed deal is Harborview Logistics Park (Closed Mar 2024) for $28,900,000 at a 6.80% Cap Rate. A third property, Oakridge Retail Plaza ($19.2M, 6.25% projected cap rate), is currently in active escrow pending Phase I environmental clearance.
↗ Meridian Tower — Purchase & Sale Agreement ↗ CBRE — Certified Appraisal & Cap Rate Valuation ↗ Harborview Industrial — Closing Settlement Statement
Matching Properties & Acquisitions
🏢
The Meridian Mixed-Use Tower (Deal #RE-2024-108)
Class-A Office & Retail · 185,000 sq ft · Downtown Austin, TX
✓ Closed & Recorded 6.45% Cap Rate Mixed-Use Commercial 94% Leased
24 documents
$42,500,000
Closed Aug 14, 2024
🏭
Harborview Logistics & Distribution Center (Deal #RE-2024-042)
Industrial Warehouse · 310,000 sq ft · Savannah Port Corridor, GA
✓ Closed & Recorded 6.80% Cap Rate Industrial Triple-Net (NNN) 100% Leased
19 documents
$28,900,000
Closed Mar 22, 2024
🏬
Oakridge Commons Grocery-Anchored Retail (Deal #RE-2024-156)
Neighborhood Retail Center · 92,000 sq ft · Charlotte, NC
⏳ In Escrow / Due Diligence 6.25% Target Cap Anchored Retail 2024
21 documents
$19,200,000 (Under LOI)
Est. Closing Nov 2024
← Back to deals
The Meridian Mixed-Use Tower (#RE-2024-108)
✓ Closed Acquisition 6.45% Cap Rate
Deal Executive Summary
12-story Class-A commercial office and ground-floor luxury retail asset in Austin, TX (185,000 RSF). Full due diligence completed with clean Phase I ESA, ALTA survey, and anchor tenant estoppel certificates.
Acquisition$42,500,000 (Closed)
Cap Rate / NOI6.45% ($2,741,250/yr)
Anchor TenantStripe Inc. (65,000 SF)
LenderJPMorgan ($27.6M Senior)
Lead PartnerMarcus Vance (VP Acq)
All (24) Closing Valuation Leases
📜 Purchase_Sale_Agreement_Meridian_Executed.pdf
Executed PSA
14 Aug 2024 · 48 pages
📊 CBRE_Certified_Appraisal_Meridian_Tower.pdf
Appraisal & NOI
19 Jul 2024 · 84 pages
🌿 Phase_I_Environmental_Site_Assessment_AECOM.pdf
Environmental (ESA)
08 Jul 2024 · 62 pages
🏛️ First_American_ALTA_Title_Commitment_Survey.pdf
Title & Zoning
25 Jul 2024 · 31 pages
🏢 Anchor_Tenant_Estoppel_RentRoll_Stripe.pdf
Rent Roll & Estoppel
02 Aug 2024 · 18 pages
+ 19 more due diligence files
Purchase_Sale_Agreement_Meridian_Executed.pdf
Executed PSA · 48 pages · 14 Aug 2024
Page 1 of 48 | 100%
● OCR & Tables Indexed
Vanguard Realty & Capital Partners
Commercial Acquisitions · Legal & Escrow Division · Austin, TX
✓ Recorded — Instrument #2024-089412

DEAL REF: RE-2024-108  |  ESCROW: FA-TX-9948102
Commercial Purchase and Sale Agreement
Effective Date August 14, 2024 (Closing Date) Asset Class Class-A Mixed-Use Office & Retail (185,000 RSF)
Seller Entity Crescent Peak Properties LLC (DE) Buyer Entity Vanguard Realty & Capital Partners LP
Property Address 400 Congress Ave, Austin, TX 78701 Escrow Agent First American Title Insurance Company
Article I — Recitals & Conveyance of Real Property

1.1 Agreement to Buy and Sell. THIS COMMERCIAL PURCHASE AND SALE AGREEMENT (this "Agreement") is made and entered into as of August 14, 2024 ("Effective Date"), by and between CRESCENT PEAK PROPERTIES LLC, a Delaware limited liability company ("Seller"), and VANGUARD REALTY & CAPITAL PARTNERS LP, a Delaware limited partnership ("Buyer"). Subject to the terms, covenants, and conditions set forth herein, Seller agrees to sell, convey, and assign to Buyer, and Buyer agrees to purchase and accept from Seller, the fee simple interest in that certain 12-story commercial parcel known as The Meridian Mixed-Use Tower, situated on 1.42 acres in Travis County, Texas, together with all appurtenant easements, subterranean parking structures (410 spaces), and Intangible Property.

Article II — Purchase Price, Capitalization & Escrow Settlement
SECTION 2.1 — PURCHASE PRICE & GOING-IN CAP RATE: The aggregate Purchase Price for the Property shall be $42,500,000.00 (Forty-Two Million Five Hundred Thousand and 00/100 Dollars) ($229.73 per Rentable Square Foot), reflecting a verified Going-In Capitalization Rate of 6.45% based upon underwritten Year-1 Net Operating Income (NOI) of $2,741,250.00.
Settlement Line Item (HUD-1 / Closing Schedule) Source / Counterparty Allocation Amount (USD)
Initial & Additional Earnest Money Deposit (Applied) First American Escrow Trust 2.35% $1,000,000.00
Senior Commercial Mortgage Facility (SOFR + 195 bps) JPMorgan Chase Bank, N.A. 65.00% $27,625,000.00
Sponsor & LP Committed Equity Wire at Closing Vanguard Fund IV LP 32.65% $13,875,000.00
TOTAL GROSS PURCHASE CONSIDERATION FUNDED AT CLOSING 100.00% $42,500,000.00
Article IV — Assignment of Commercial Leases & Prorations

4.3 Tenant Leases, Security Deposits & Estoppels. At Closing, Seller shall execute and deliver the Assignment and Assumption of Leases conveying all fourteen (14) active commercial triple-net (NNN) leases representing 94.2% physical occupancy (174,270 leased RSF). Seller hereby credits Buyer's closing settlement statement in the amount of $680,000.00 representing all unapplied cash security deposits and transferable letters of credit. Buyer acknowledges receipt of clean Tenant Estoppel Certificates from 100% of leased premises, including Anchor Tenant Stripe, Inc. (65,000 RSF, Suites 600–950).

7.1 Title & Warranty. Title to the Real Property shall be conveyed to Buyer by recordable Texas Special Warranty Deed, insured by an ALTA Owner's Policy of Title Insurance in the full amount of the Purchase Price, free and clear of all mechanics' liens, judgment liens, and monetary encumbrances.

Executed by Seller: Crescent Peak Properties LLC
Jonathan H. Sterling
Jonathan H. Sterling
Managing Director · Date: Aug 14, 2024
Executed by Buyer: Vanguard Realty & Capital LP
Marcus R. Vance
Marcus R. Vance
Vice President, Acquisitions · Date: Aug 14, 2024
Purchase & Sale Agreement
Deal StatusClosed & Recorded
Purchase Price$42,500,000
Price / SF$229.73 / RSF
Cap Rate6.45% (Verified)
Year-1 NOI$2,741,250
Occupancy94.2% (14 Tenants)
Final executed PSA conveying The Meridian Tower for $42.5M. Includes transfer of 14 commercial NNN leases, $680K in security deposits, and Special Warranty Deed clearance.
99% · Cross-verified with Closing HUD-1
"…Purchase Price for the Property is $42,500,000.00…Going-In Capitalization Rate of 6.45% on verified Year-1 Net Operating Income of $2,741,250…"
← Back to property detail
The Meridian Tower (#RE-2024-108) — Acquisition & Escrow Timeline
Key transaction milestones automatically assembled from 24 deal room documents
12 Jun 2024
Letter of Intent (LOI) Executed & Earnest Money Deposited
Vanguard Realty signs bilateral LOI at $42.5M purchase price; $1,000,000 initial earnest money wired to First American Title escrow.
08 Jul 2024
Phase I Environmental Site Assessment (ESA) Cleared
AECOM completes ASTM E1527-21 inspection confirming zero Recognized Environmental Conditions (RECs) or vapor encroachment risks.
19 Jul 2024
CBRE Independent Appraisal & Valuation Delivered
Certified MAI appraisal values the asset at $43,800,000 ($1.3M above contract price), confirming a 6.45% going-in cap rate and $2.74M NOI.
25 Jul 2024
ALTA Title Commitment & Zoning Compliance Verified
First American Title issues clean ALTA/NSPS survey and Central Business District (CBD) zoning compliance endorsement with zero encroachments.
02 Aug 2024
Tenant Estoppel Certificates Collected (100% of Rent Roll)
Anchor tenant Stripe Inc. (65,000 RSF through 2032, 3% annual escalations) and all 13 co-tenants sign clean estoppels verifying zero landlord defaults.
14 Aug 2024
✓ Acquisition Closed & Special Warranty Deed Recorded
Final Purchase & Sale Agreement settled. $42,500,000 funded ($27.6M JPMorgan senior loan + $14.9M equity). Travis County Clerk Instrument #2024-089412.
Acquisition Verified & Closed
Property: The Meridian Mixed-Use Tower (Austin, TX) · Purchase Price: $42,500,000 · Going-In Cap Rate: 6.45% · All 24 closing and due diligence documents indexed.
Demo screens: 1. Search Home 2. Search Results 3. Property Detail 4. Deal Timeline