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4312 Willow Springs Rd Aust...

Updated Nov 4, 2023

Kenny Vaccaro Leases Austin Warehouse For Esports Venture Gamers First
LEASEDIndustrial

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

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