Updated Aug 21, 2025
Joel Gorjian & Jordan Gorjian Of Gorjian Acquisitions Sell Development Site In Austin For $1,089,000
8164 Exchange Drive
Building Size
1,089,000 SF
Asset Type
Development Site
Closing
Jun 19, 2025
About this deal
AI
The property asset involved in the transaction is a development site located at 8164 Exchange Drive in Austin. It encompasses a total square footage of 1,089,000. The transaction pertains to a sale but does not specify the transaction amount.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 8164 Exchange Drive
- Market: Austin
- Seller: Joel Gorjian & Jordan Gorjian - Gorjian Acquisitions
The individuals involved in the deal are Joel Gorjian and Jordan Gorjian, who represent Gorjian Acquisitions as the sellers of the development site.
On the Map
Development Site
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Austin Development Site Market Snapshot
Boundary boundary · Development Site · 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