Updated Apr 1, 2025
Maggie Hardy Of 84 Lumber Leases 84633 Square Feet Industrial Space From Todd Naccarato In Georgetown
610 Blue Springs Boulevard
Building Size
84,633 SF
Asset Type
Industrial
Closing
Apr 1, 2025
About this deal
AI
The property involved in the transaction is a 84,633-square-foot industrial asset located at 610 Blue Springs Boulevard in Georgetown, Texas. The lease represents a strategic expansion for 84 Lumber within the Blue Springs Business Park, an area known for hosting various industrial operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Address: 610 Blue Springs Boulevard
- Market: Georgetown
- Landlord: Todd Naccarato - Molto Properties
- Tenant: Maggie Hardy - 84 Lumber
- Brokers: Carter Thurmond - Endeavor Real Estate Group & Nash Frisbie - Transwestern
The deal involved Todd Naccarato representing Molto Properties as the landlord, while Maggie Hardy represented 84 Lumber as the tenant. Carter Thurmond and Nash Frisbie collaborated to facilitate this lease agreement, marking a significant commitment by 84 Lumber to enhance its operations in the Georgetown market.
On the Map
Industrial
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Georgetown Industrial Market Snapshot
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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