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
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