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4815 North Interstate 35

Clopay Leases 23,140 SF Industrial Space In Georgetown With CBRE Brokers
LEASEDIndustrial

Clopay Leases 23,140 SF Industrial Space In Georgetown With CBRE Brokers

4815 North Interstate 35

Building Size

23,140 SF

Asset Type

Industrial

Closing

Jun 5, 2024

AI

The industrial property, located at 4815 North Interstate 35 in Georgetown, spans 23,140 square feet. It is part of the CrossPoint Business District's initial phase, covering 488,758 square feet across three buildings and 61.7 acres.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Landlord: Michele Wheeler - Jackson-Shaw; Kentaro Koga - Diamond Realty Investments
  • Tenant: Clopay
  • Brokers: Darryl Dadon & Olivia Reed - CBRE

Clopay secured the 23,140-square-foot industrial lease in Georgetown's northern Austin suburb. CBRE's Darryl Dadon and Olivia Reed facilitated the lease negotiations on behalf of the landlord, a partnership between Jackson-Shaw and Diamond Realty Investments. The company is scheduled to occupy the space this summer.

Players

Darryl Dadon

CBRE

Broker

7 deals

Broker

Georgetown 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