Texas Speed & Performance Leases Industrial Space In Georgetown With Landlord Titan Development And Tenant's Rep JD Murray
101 Velocity Dr, Georgetown, TX 78628
Building Size
172,428 SF
Asset Type
Industrial
Closing
Oct 26, 2021
AI
Located in Georgetown, the industrial property at 101 & 201 Velocity Drive has recently been leased. The property spans an impressive 146 acres and offers a total of 172,428 square feet of space. The transaction took place on October 26, 2021.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Date: 10/26/2021
- Address: 101 & 201 Velocity Drive, Georgetown
- Market: Georgetown
- Size: 172,428 square feet
The landlord for this lease is Titan Development, represented by Joe Iannacone. On the other side, Texas Speed & Performance, represented by JD Murray, is the tenant. The deal was facilitated by Omar Nasser of Aquila Commercial.
Players
Sugar Land Industrial Market Snapshot
Boundary boundary · Industrial · 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