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
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