TransPak Leases 44.6K Sqft Industrial Space In Round Rock
598 Greenhill Drive
Building Size
44,648 SF
Asset Type
Industrial
Closing
Dec 12, 2023
AI
The Green Hill Business Park in Round Rock has witnessed a recent transaction involving a 44,648-square-foot industrial property. The asset, located at 598 Greenhill Drive, was leased to TransPak Inc, a prominent provider of packaging and crating services.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 598 Greenhill Drive
- Market: Round Rock
Representing the landlord, EastGroup Properties, Donald F. Colleran of Stream Realty Partners played a key role in bringing this lease agreement to fruition. Meanwhile, TransPak Inc was assisted by Brian Cheek, Chip Wiser, and Richard Hoyt of Newmark as their tenant representatives.
It is worth noting that Newmark facilitated the 44,648-square-foot industrial lease for TransPak Inc, securing a space at the Green Hill Business Park in Round Rock. Stream Realty Partners, acting on behalf of the landlord EastGroup Properties, provided their expertise in representing the property owner's interests.
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