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
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.
Players
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