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3813 Helios Way

Peyton Poynter & Brooks Benkendorfer Facilitate Lease At 3813 Helios Way, Pflugerville
LEASEDIndustrial

Peyton Poynter & Brooks Benkendorfer Facilitate Lease At 3813 Helios Way, Pflugerville

3813 Helios Way

Building Size

18,252 SF

Asset Type

Industrial

Closing

Apr 15, 2024

AI

The industrial property located at 3813 Helios Way in Pflugerville, spanning 18,252 square feet, has been leased by WGNStar, a semiconductor workforce solutions leader, to cater to the growing semiconductor industry in the area. The transaction was facilitated by Peyton Poynter representing the Tenant, WGNStar, and Brooks Benkendorfer representing the Landlord, Goldman Sachs.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Provided
  • Address: 3813 Helios Way
  • Market: Pflugerville
  • Tenant: WGNStar
  • Landlord: Goldman Sachs
  • Landlord's Representative: Brooks Benkendorfer - HPI Real Estate Services & Investments
  • Tenant's Representative: Peyton Poynter - Park Realty

The new facility in the Pecan 130 Business Park will serve as a strategic location for WGNStar to expand its operations in the semiconductor sector. Brooks Benkendorfer, from HPI Real Estate Services & Investments, worked closely with Goldman Sachs, the Landlord, while Peyton Poynter, from Park Realty, negotiated on behalf of WGNStar, further solidifying the deal in Pflugerville, East of Austin.

Players

Peyton Poynter

Park Realty

Broker

3 deals

Broker

Pflugerville 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