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6106 Ross Road

Four Hands Leases 570000 Square Feet At Airport Logistics Center In Southeast Austin
LEASEDIndustrial

Four Hands Leases 570000 Square Feet At Airport Logistics Center In Southeast Austin

6106 Ross Road

Building Size

570,000 SF

Asset Type

Industrial

Closing

Aug 19, 2024

AI

The property asset involved in this transaction is located at 6106 Ross Road in the Del Valle market. It is an industrial asset with a total square footage of 570,000. The transaction marks a significant lease agreement within the industrial sector in Austin.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 570,000
  • Address: 6106 Ross Road
  • Market: Del Valle
  • Landlord: Sean Dalfen - Dalfen Industrial
  • Tenant: Matthew Briggs - Four Hands
  • Landlord's Representative: Ace Schlameus & Kyle McCulloch - JLL
  • Tenant's Representative: Chad Marsh - Endeavor Real Estate Group

This lease signifies the largest industrial deal in Austin for the year 2024, with Four Hands securing a full-building lease at Airport Logistics Center Building 2. The representation for Four Hands was provided by Chad Marsh of Endeavor Real Estate Group, while the landlord, Dalfen Industrial, was represented by Ace Schlameus and Kyle McCulloch of JLL.

Players

Chad Marsh

Endeavor Real Estate Group

Broker

2 deals

Broker

Del Valle 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