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361 Deep Roots Dr

Coated Metals Group Leases 27075 Square Feet In Buda Texas With Landlord United Properties
LEASEDIndustrial

Coated Metals Group Leases 27075 Square Feet In Buda Texas With Landlord United Properties

361 Deep Roots Dr

Building Size

27,075 SF

Asset Type

Industrial

Closing

Jan 20, 2025

AI

The property asset involved in this transaction is an industrial space located at 361 Deep Roots Drive in Buda, TX. The leased space covers an area of 27,075 square feet within Building 7 of Buda Midway, a significant development with a total size of 382,000 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Disclosed
  • Lease Size: 27,075 square feet
  • Address: 361 Deep Roots Drive
  • Market: Buda
  • Landlord: Matt Van Slooten - United Properties
  • Tenant: Coated Metals Group
  • Brokers: Blake Patterson, Leigh Ellis & Omar Nasser - AQUILA Commercial

This lease agreement was facilitated by AQUILA Commercial, with Leigh Ellis, Blake Patterson, and Omar Nasser representing the landlord, United Properties. The transaction highlights the collaboration between the brokers and the landlord in securing a tenant for the industrial space in the ongoing development's second phase.

Players

Leigh Ellis

Broker

6 deals

Broker

Buda 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