Updated Oct 28, 2024
Leifer Properties Acquires Development Site In St Elmo District, Austin
440 Industrial Boulevard, Austin, Texas 78745, United States
Building Size
80,000 SF
Asset Type
Development Site
Closing
Jun 14, 2022
About this deal
AI
Leifer Properties has acquired a development site located at 440 Industrial Blvd in the St Elmo District of Austin. The property spans across 80,000 square feet and was purchased from South Austin Metals.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not available
- Address: 440 Industrial Blvd, St Elmo District, Austin
- Market: St Elmo District, Austin
This acquisition marks the eighth purchase in Austin for Leifer Properties. It is part of their ongoing assemblage project, which spans over 10 acres in the St Elmo District. For any acquisition opportunities, contact Max Leifer of Leifer Properties at [email protected].
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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