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598 Greenhill Drive

TransPak Leases 44.6K Sqft Industrial Space In Round Rock
LEASEDIndustrial

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

Richard Hoyt

Newmark

Broker

1 deal

Broker
Donald F. Colleran

Donald F. Colleran

EastGroup Properties

Landlord

4 deals

Landlord

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