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1803 E Cesar Chavez St, Aus...

NAI Partners Secures Office Lease For Harm Reduction Alliance Near Austin CBD
LEASEDCommercial

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

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.

Players

Todd Mahler

Broker

5 deals

Broker

Austin Commercial Market Snapshot

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