Adam Green And Will Sallis Of Lee & Associates Represent EastGroup Properties In 44,648 SF Lease
598 Greenhill Drive
Building Size
44,648 SF
Asset Type
Industrial
Closing
Jun 30, 2025
AI
The lease involves an industrial asset located at 598 Greenhill Drive in Round Rock, TX, covering a total square footage of 44,648. The property is part of the Greenhill Distribution Center and is associated with the market for industrial spaces.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 598 Greenhill Drive
- Market: Round Rock
- Landlord: Marshall A. Loeb - EastGroup Properties
- Brokers: Adam Green & Will Sallis - Lee & Associates
Adam Green and Will Sallis from Lee & Associates represented the landlord, EastGroup Properties, in this leasing transaction. The tenant involved in the lease has not been disclosed.
Players
Round Rock 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