Updated Oct 29, 2024
NAI Partners Secures Office Lease For Harm Reduction Alliance Near Austin CBD
1803 E Cesar Chavez St, Austin, TX, 7...
Building Size
2,102 SF
Asset Type
Commercial
Closing
Nov 22, 2023
About this deal
AI
The commercial property at 1803 E Cesar Chavez St in Austin, TX, boasting 2,102 square feet, was leased to the Texas Harm Reduction Alliance. Situated near Austin's central business district, this historic converted house offers a convenient location and easy access to the city without traffic congestion.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not disclosed
- Tenant: Harm Reduction Alliance
- Tenant's Rep: Todd Mahler
- Landlord: Not disclosed
Todd Mahler of NAI Partners represented the tenant, Harm Reduction Alliance, in the leasing transaction. On the landlord's side, Aquila Commercial acted as the representative for the property owner in this deal.
On the Map
Commercial
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Players
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Boundary boundary · Commercial · Lease 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