Titan Development Leases Industrial Property In Georgetown To CelLink Corp
35 Frontage Road, Georgetown, TX 78626
Building Size
294,297 SF
Asset Type
Industrial
Closing
Feb 24, 2022
AI
The industrial property located at 35 Frontage Road in Georgetown has been leased. The property spans a total area of 294,297 square feet and is owned by Titan Development, represented by Chris Pacheco. The lease transaction was completed on February 25, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 35 Frontage Road
- Market: Georgetown
- Landlord: Titan Development - Chris Pacheco
- Tenant: CelLink Corp. - Kevin Oakley
The lease agreement involved the tenant, CelLink Corp., represented by Kevin Oakley. Further details about the lease, including the duration and terms, were not provided in the available information.
Players
Georgetown Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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