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6807 Elroy Road

Hotline Delivery Systems Leases 120440 Square Feet In Austin's ATX 130 Development
LEASEDIndustrial

Hotline Delivery Systems Leases 120440 Square Feet In Austin's ATX 130 Development

6807 Elroy Road

Building Size

120,440 SF

Asset Type

Industrial

Closing

Sep 26, 2024

AI

The property involved in this transaction is an industrial asset located at 6807 Elroy Road in Austin, covering a total area of 120,440 square feet. This property is part of the ATX 130 development, which is a larger project encompassing 602,400 square feet, developed by Jackson-Shaw.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 6807 Elroy Road
  • Market: Austin
  • Size: 120,440 SF
  • Landlord: Jackson-Shaw
  • Tenant: Hotline Delivery Systems
  • Landlord's Representative: AQUILA Commercial
  • Tenant's Representative: Lena Thomas & Ryan Boozer - Stream Realty Partners

This lease transaction was facilitated by Lena Thomas and Ryan Boozer from Stream Realty Partners, representing the tenant, Hotline Delivery Systems. AQUILA Commercial acted as the representative for the landlord, Jackson-Shaw, in this leasing agreement.

Players

Ryan Boozer

Stream Realty Partners⁠

Broker

9 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