Updated Dec 4, 2024
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
About this deal
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.
On the Map
Industrial
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Players
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