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
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