Updated Nov 4, 2023
Kenny Vaccaro Leases Austin Warehouse For Esports Venture Gamers First
4312 Willow Springs Rd Austin, TX 78745, USA
Building Size
22,500 SF
Asset Type
Industrial
Closing
Aug 9, 2023
About this deal
AI
An industrial warehouse located at 4312 Willow Springs Road in Austin has been leased by NFL player Kenny Vaccaro for his esports venture, Gamers First. The warehouse spans 22,500 square feet and includes studio space and a speakeasy. The property is situated in the thriving Austin market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 22,500
- Address: 4312 Willow Springs Road, Austin
- Market: Austin
Kenny Vaccaro, an NFL player, has leased the warehouse located at 4312 Willow Springs Road in Austin for his esports venture, Gamers First. The warehouse offers not only studio space but also features a speakeasy, providing a unique and versatile space for Vaccaro's business endeavors.
Note: The industrial market in Dallas-Fort Worth is divided between thriving "infield" properties and slower-growing "outfield" spaces due to competition. Port Houston is also expanding its capacity with a $92 million terminal expansion set to open in October, further enhancing the region's logistics capabilities.
Players
Texas 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